Diamond Hill Capital Management Inc. Trims Holdings in Ryman Hospitality Properties, Inc. $RHP

Diamond Hill Capital Management Inc. reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,638 shares of the real estate investment trust’s stock after selling 37,309 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.73% of Ryman Hospitality Properties worth $41,448,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RHP. Cornerstone Planning Group LLC grew its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Hantz Financial Services Inc. boosted its holdings in 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 valued at $26,000 after purchasing an additional 218 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 valued at $27,000 after buying an additional 209 shares during the period. AlphaQuest LLC increased its holdings in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Ryman Hospitality Properties by 140.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RHP shares. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Barclays set a $109.00 price target on Ryman Hospitality Properties in a report on Tuesday, January 13th. Truist Financial raised their price objective on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.58.

Ryman Hospitality Properties Price Performance

RHP stock opened at $98.04 on Friday. The business’s 50-day moving average is $95.29 and its two-hundred day moving average is $94.37. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $6.18 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.50 and a beta of 1.21. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $105.51.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

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.