7,593 Shares in Ryman Hospitality Properties, Inc. $RHP Acquired by LVZ Inc.

LVZ Inc. bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, HoldingsChannel reports. The institutional investor bought 7,593 shares of the real estate investment trust’s stock, valued at approximately $701,000.

A number of other large investors have also recently bought and sold shares of RHP. State Street Corp raised its holdings in shares of Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after acquiring an additional 20,756 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ryman Hospitality Properties by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after acquiring an additional 11,591 shares during the last quarter. Cooke & Bieler LP increased its position in Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after purchasing an additional 142,206 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ryman Hospitality Properties by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock worth $109,381,000 after purchasing an additional 33,120 shares in the last quarter. Finally, Hamlin Capital Management LLC raised its stake in Ryman Hospitality Properties by 4.2% in the 4th quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after purchasing an additional 41,764 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.1%

RHP opened at $127.76 on Monday. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.20. The business has a 50-day moving average of $116.01 and a two-hundred day moving average of $103.43. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $132.41.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent research reports. Barclays upped their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. BMO Capital Markets reissued an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.27.

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.