Van ECK Associates Corp Acquires 1,029 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Van ECK Associates Corp raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,109 shares of the real estate investment trust’s stock after buying an additional 1,029 shares during the quarter. Van ECK Associates Corp’s holdings in Ryman Hospitality Properties were worth $1,159,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RHP. Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 152 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 213 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 218 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Down 5.0 %

Shares of NYSE:RHP opened at $98.48 on Friday. The stock has a fifty day simple moving average of $104.26 and a two-hundred day simple moving average of $106.89. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.70 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 81.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Truist Financial lifted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.17.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.