Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,060 shares of the real estate investment trust’s stock after buying an additional 8,229 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of Ryman Hospitality Properties worth $5,588,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in Ryman Hospitality Properties by 2,241.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 269 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $40,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHP has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Evercore reiterated an “outperform” rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Morgan Stanley boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Barclays increased their price target on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus target price of $117.56.

Ryman Hospitality Properties Stock Up 1.2%

RHP opened at $112.35 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $112.50. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.57 and a beta of 1.22. The company has a fifty day moving average of $99.69 and a two-hundred day moving average of $97.34.

Ryman Hospitality Properties Announces Dividend

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

Ryman Hospitality Properties Profile

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.