Ryman Hospitality Properties, Inc. $RHP Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 108.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,275 shares of the real estate investment trust’s stock after buying an additional 46,392 shares during the quarter. First Trust Advisors LP’s holdings in Ryman Hospitality Properties were worth $8,237,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 5.5% in the first quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 1,045 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ryman Hospitality Properties by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock valued at $84,251,000 after acquiring an additional 18,614 shares in the last quarter. KBC Group NV grew its stake in Ryman Hospitality Properties by 1,804.7% during the 1st quarter. KBC Group NV now owns 66,758 shares of the real estate investment trust’s stock valued at $6,160,000 after acquiring an additional 63,253 shares in the last quarter. Swiss National Bank raised its holdings in Ryman Hospitality Properties by 0.3% in the 1st quarter. Swiss National Bank now owns 118,300 shares of the real estate investment trust’s stock valued at $10,916,000 after acquiring an additional 300 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Ryman Hospitality Properties by 2.5% in the 1st quarter. California Public Employees Retirement System now owns 122,976 shares of the real estate investment trust’s stock valued at $11,347,000 after acquiring an additional 2,948 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Up 0.4%

Shares of NYSE RHP opened at $133.76 on Friday. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $137.46. 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 stock has a fifty day simple moving average of $124.77 and a 200-day simple moving average of $107.99. The stock has a market capitalization of $8.44 billion, a PE ratio of 35.29, a PEG ratio of 2.40 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of research reports. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Cantor Fitzgerald lifted their price objective 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. Finally, Barclays boosted their price objective on Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.10.

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.