Ryman Hospitality Properties, Inc. $RHP Shares Bought by Centersquare Investment Management LLC

Centersquare Investment Management LLC lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 371.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,030 shares of the real estate investment trust’s stock after buying an additional 195,440 shares during the period. Centersquare Investment Management LLC’s holdings in Ryman Hospitality Properties were worth $23,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Ryman Hospitality Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock worth $816,035,000 after buying an additional 166,293 shares during the period. State Street Corp boosted its position in shares of Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the period. Geode Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock worth $150,327,000 after buying an additional 11,591 shares during the period. Cooke & Bieler LP boosted its position in shares of Ryman Hospitality Properties by 12.8% in the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after buying an additional 142,206 shares during the period. Finally, Hamlin Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 4.2% in the fourth quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock worth $97,434,000 after buying an additional 41,764 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley upped their target price 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. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Cantor Fitzgerald upped their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.80.

Ryman Hospitality Properties Trading Up 2.5%

Shares of RHP opened at $121.67 on Friday. The company has a market capitalization of $7.68 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.41 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $122.46. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day moving average price of $107.08 and a 200 day moving average price of $99.84.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Ryman Hospitality Properties Profile

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.