Boothbay Fund Management LLC Purchases 55,425 Shares of Ryman Hospitality Properties, Inc. $RHP

Boothbay Fund Management LLC raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 59.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 148,904 shares of the real estate investment trust’s stock after acquiring an additional 55,425 shares during the quarter. Boothbay Fund Management LLC’s holdings in Ryman Hospitality Properties were worth $14,089,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RHP. Royal Bank of Canada raised its stake in shares of Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after buying an additional 12,169 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 131.0% in the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 7,610 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after buying an additional 63,507 shares during the period. Jane Street Group LLC lifted its holdings in Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after buying an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Ryman Hospitality Properties by 240.2% in the first 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. Institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RHP. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Raymond James Financial restated an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Morgan Stanley raised their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Barclays raised their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Stock Down 0.8%

NYSE:RHP opened at $122.35 on Thursday. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $125.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The firm has a market capitalization of $7.72 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.50 and a beta of 1.22. The stock’s fifty day simple moving average is $109.45 and its 200-day simple moving average is $100.61.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th. 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.