GW&K Investment Management LLC Acquires 13,436 Shares of Ryman Hospitality Properties, Inc. $RHP

GW&K Investment Management LLC raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 291,699 shares of the real estate investment trust’s stock after purchasing an additional 13,436 shares during the period. GW&K Investment Management LLC’s holdings in Ryman Hospitality Properties were worth $27,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 buying an additional 218 shares during 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 buying an additional 113 shares during 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 buying an additional 172 shares during the last quarter. 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 buying an additional 209 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $28,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.2%

NYSE:RHP opened at $118.90 on Thursday. The company has a market cap of $7.50 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a 50 day simple moving average of $106.49 and a two-hundred day simple moving average of $99.65. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $121.56.

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 $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 4.0%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Analysts Set New Price Targets

RHP has been the topic of several recent research reports. Truist Financial upped their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays upped their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.80.

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.