Russell Investments Group Ltd. Has $24.10 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

Russell Investments Group Ltd. lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,971 shares of the real estate investment trust’s stock after acquiring an additional 52,262 shares during the period. Russell Investments Group Ltd.’s holdings in Ryman Hospitality Properties were worth $24,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC grew its position in Ryman Hospitality Properties by 4.0% in the 3rd quarter. Natixis Advisors LLC now owns 30,951 shares of the real estate investment trust’s stock worth $2,773,000 after purchasing an additional 1,179 shares during the last quarter. First Trust Advisors LP raised its position in shares of Ryman Hospitality Properties by 22.4% during the third quarter. First Trust Advisors LP now owns 65,293 shares of the real estate investment trust’s stock valued at $5,850,000 after buying an additional 11,967 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Ryman Hospitality Properties by 0.3% during the third quarter. Gabelli Funds LLC now owns 433,600 shares of the real estate investment trust’s stock valued at $38,846,000 after buying an additional 1,300 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Ryman Hospitality Properties by 0.3% in the third quarter. Gamco Investors INC. ET AL now owns 968,633 shares of the real estate investment trust’s stock valued at $86,780,000 after buying an additional 2,896 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ryman Hospitality Properties by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 880,921 shares of the real estate investment trust’s stock worth $78,928,000 after buying an additional 10,370 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

RHP has been the topic of several research reports. Morgan Stanley set a $88.00 price target on Ryman Hospitality Properties in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price objective on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Cantor Fitzgerald upped their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Truist Financial raised their target price 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.82.

Ryman Hospitality Properties Stock Down 3.4%

NYSE RHP opened at $92.03 on Friday. The stock’s 50 day simple moving average is $97.17 and its 200 day simple moving average is $95.05. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $105.75. The firm has a market cap of $5.80 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $1.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.2%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 127.66%.

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.