Ryman Hospitality Properties, Inc. $RHP Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 20.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,436,378 shares of the real estate investment trust’s stock after selling 636,582 shares during the quarter. Principal Financial Group Inc.’s holdings in Ryman Hospitality Properties were worth $230,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RHP. Cornerstone Planning Group LLC grew its position in shares of Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 218 shares during the period. Geneos Wealth Management Inc. grew its position in 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 last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their target price on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Evercore reissued an “outperform” rating and issued a $115.00 price target on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Finally, Morgan Stanley raised Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $88.00 to $105.00 in a report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Buy” and an average target price of $115.78.

Ryman Hospitality Properties Trading Up 2.6%

Shares of Ryman Hospitality Properties stock opened at $108.10 on Wednesday. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $109.94. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 5.15. The stock has a market cap of $6.82 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. The company has a 50-day moving average of $97.40 and a two-hundred day moving average of $95.55.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) 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.