Geode Capital Management LLC Buys 11,591 Shares of Ryman Hospitality Properties, Inc. $RHP

Geode Capital Management LLC increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,588,492 shares of the real estate investment trust’s stock after buying an additional 11,591 shares during the quarter. Geode Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $150,327,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHP. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Barclays upped their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald upped their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upped 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 note on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.33.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $117.15 on Friday. The business’s fifty day simple moving average is $104.27 and its 200 day simple moving average is $98.87. The firm has a market capitalization of $7.39 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $117.67. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared 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. This represents a $4.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) 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.