IFM Investors Pty Ltd Makes New Investment in Ryman Hospitality Properties, Inc. $RHP

IFM Investors Pty Ltd purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, Holdings Channel.com reports. The fund purchased 10,028 shares of the real estate investment trust’s stock, valued at approximately $925,000.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $48,036,000. Invesco Ltd. increased its position in shares of Ryman Hospitality Properties by 184.9% during the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after purchasing an additional 479,990 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Ryman Hospitality Properties during the third quarter worth approximately $30,975,000. Qube Research & Technologies Ltd purchased a new position in Ryman Hospitality Properties in the 3rd quarter worth $18,161,000. Finally, UBS Group AG lifted its stake in shares of Ryman Hospitality Properties by 116.3% in the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock valued at $33,252,000 after acquiring an additional 199,556 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RHP shares. BMO Capital Markets reissued an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. 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 report on Monday, June 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Morgan Stanley increased their price objective 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Trading Down 0.1%

Ryman Hospitality Properties stock opened at $127.76 on Monday. The firm has a 50 day moving average of $116.01 and a 200 day moving average of $103.43. 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 firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend 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.