AlphaCrest Capital Management LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,790 shares of the real estate investment trust’s stock, valued at approximately $279,000.
A number of other hedge funds have also added to or reduced their stakes in RHP. Cetera Advisor Networks LLC bought a new position in shares of Ryman Hospitality Properties in the 1st quarter worth approximately $201,000. PNC Financial Services Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,250 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 361 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Ryman Hospitality Properties by 50.0% during the 1st quarter. MetLife Investment Management LLC now owns 28,440 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 9,484 shares during the period. Rhumbline Advisers increased its stake in shares of Ryman Hospitality Properties by 2.0% in the 1st quarter. Rhumbline Advisers now owns 68,297 shares of the real estate investment trust’s stock worth $6,336,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Ryman Hospitality Properties by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 46,668 shares of the real estate investment trust’s stock worth $4,497,000 after purchasing an additional 563 shares during the period. 92.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RHP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Ryman Hospitality Properties from $126.00 to $120.00 and set a “buy” rating for the company in a report on Monday, February 27th. TheStreet raised shares of Ryman Hospitality Properties from a “c” rating to a “b-” rating in a report on Friday, February 24th. Finally, Raymond James lifted their price target on shares of Ryman Hospitality Properties from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, December 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.80.
Ryman Hospitality Properties Stock Down 2.3 %
Ryman Hospitality Properties Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.25. Ryman Hospitality Properties’s payout ratio is 131.58%.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.
- Get a free copy of the StockNews.com research report on Ryman Hospitality Properties (RHP)
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