Texas Yale Capital Corp. Purchases 5,840 Shares of Ryman Hospitality Properties, Inc. $RHP

Texas Yale Capital Corp. increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 84.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,790 shares of the real estate investment trust’s stock after buying an additional 5,840 shares during the period. Texas Yale Capital Corp.’s holdings in Ryman Hospitality Properties were worth $1,146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Dallas Securities Inc. increased its stake in shares of Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after purchasing an additional 13,275 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 4,049.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after purchasing an additional 54,791 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at $776,000. Strs Ohio boosted its holdings in Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after purchasing an additional 21,600 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ryman Hospitality Properties during the second quarter worth $344,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $100.46 on Tuesday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.57 and a beta of 1.21. The business has a 50 day moving average price of $96.21 and a 200 day moving average price of $94.44. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $105.51.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $1.20 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.98%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RHP shares. JPMorgan Chase & Co. reduced their price target on 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. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Evercore reaffirmed an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Finally, Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.58.

Ryman Hospitality Properties Company 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.