First Dallas Securities Inc. Buys 4,290 Shares of Ryman Hospitality Properties, Inc. $RHP

First Dallas Securities Inc. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,340 shares of the real estate investment trust’s stock after purchasing an additional 4,290 shares during the quarter. Ryman Hospitality Properties comprises approximately 1.1% of First Dallas Securities Inc.’s investment portfolio, making the stock its 27th biggest position. First Dallas Securities Inc.’s holdings in Ryman Hospitality Properties were worth $2,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its position in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the period. Norinchukin Bank The boosted its position in Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 119 shares during the period. Lido Advisors LLC boosted its position in Ryman Hospitality Properties by 3.1% during the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 132 shares during the period. Dakota Wealth Management boosted its position in Ryman Hospitality Properties by 1.5% during the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 135 shares during the period. Finally, Hunter Associates Investment Management LLC boosted its position in Ryman Hospitality Properties by 1.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,536 shares of the real estate investment trust’s stock worth $1,003,000 after purchasing an additional 145 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Up 1.2%

Shares of NYSE RHP opened at $120.40 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.50 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $121.37. The stock has a 50-day moving average price of $105.94 and a two-hundred day moving average price of $99.45.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 4.0%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHP. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Morgan Stanley boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.80.

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.