9,912 Shares in Ryman Hospitality Properties, Inc. $RHP Acquired by MQS Management LLC

MQS Management LLC purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,912 shares of the real estate investment trust’s stock, valued at approximately $915,000. Ryman Hospitality Properties makes up 0.6% of MQS Management LLC’s portfolio, making the stock its 12th largest position.

A number of other large investors also recently modified their holdings of the company. Hamlin Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 10.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock worth $88,513,000 after acquiring an additional 93,490 shares in the last quarter. Jain Global LLC raised its position in shares of Ryman Hospitality Properties by 143.9% during the 3rd quarter. Jain Global LLC now owns 169,432 shares of the real estate investment trust’s stock worth $15,179,000 after acquiring an additional 99,967 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Ryman Hospitality Properties by 44.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 93,479 shares of the real estate investment trust’s stock worth $8,375,000 after acquiring an additional 28,695 shares in the last quarter. Vestcor Inc lifted its stake in Ryman Hospitality Properties by 87.6% during the third quarter. Vestcor Inc now owns 30,714 shares of the real estate investment trust’s stock worth $2,752,000 after purchasing an additional 14,346 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $1,135,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RHP shares. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price target 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. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Trading Down 2.4%

NYSE:RHP opened at $128.71 on Wednesday. The firm has a market cap of $8.12 billion, a P/E ratio of 33.96, a PEG ratio of 2.68 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 stock’s 50 day simple moving average is $114.53 and its 200-day simple moving average is $102.82. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

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.