CI Investments Inc. Cuts Stake in Ryman Hospitality Properties, Inc. $RHP

CI Investments Inc. reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 48,553 shares of the real estate investment trust’s stock after selling 6,010 shares during the period. CI Investments Inc.’s holdings in Ryman Hospitality Properties were worth $4,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% during the first 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in 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 valued at $27,000 after buying an additional 113 shares in the last quarter. Global Retirement Partners LLC grew its holdings in 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 valued at $27,000 after buying an additional 172 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 236 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.5%

Shares of RHP stock opened at $128.82 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $132.41. The firm has a market cap of $8.13 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The company has a 50-day moving average of $121.78 and a two-hundred day moving average of $106.37. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Analyst Upgrades and Downgrades

RHP has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley lifted 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. Finally, Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.10.

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.