PGGM Investments Has $74.28 Million Stake in Ryman Hospitality Properties, Inc. $RHP

PGGM Investments lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 785,000 shares of the real estate investment trust’s stock after buying an additional 43,166 shares during the quarter. PGGM Investments’ holdings in Ryman Hospitality Properties were worth $74,277,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RHP. Invesco Ltd. grew its position in shares of Ryman Hospitality Properties by 184.9% during the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after buying an additional 479,990 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $30,975,000. Qube Research & Technologies Ltd acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $18,161,000. UBS Group AG grew its position in shares of Ryman Hospitality Properties by 116.3% during the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after buying an additional 199,556 shares during the period. Finally, Cooke & Bieler LP grew its position in shares of Ryman Hospitality Properties by 21.4% during the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after buying an additional 195,330 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Barclays lifted their price target on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.56.

Ryman Hospitality Properties Stock Up 0.2%

Shares of NYSE RHP opened at $112.16 on Tuesday. The stock has a market cap of $7.08 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.60 and a beta of 1.22. The firm has a 50 day moving average price of $100.43 and a 200 day moving average price of $97.66. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $112.51.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 4.3%. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.