Thrivent Financial for Lutherans Sells 13,033 Shares of Ryman Hospitality Properties, Inc. $RHP

Thrivent Financial for Lutherans reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 20.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,831 shares of the real estate investment trust’s stock after selling 13,033 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Ryman Hospitality Properties worth $4,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ryman Hospitality Properties by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 130 shares during the period. Yousif Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 132 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in Ryman Hospitality Properties by 2.2% in the 2nd quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock valued at $686,000 after buying an additional 150 shares in the last quarter. Osaic Holdings Inc. increased its position in Ryman Hospitality Properties by 5.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 160 shares during the period. Finally, Beacon Investment Advisors LLC lifted its holdings in shares of Ryman Hospitality Properties by 0.5% during the second quarter. Beacon Investment Advisors LLC now owns 30,752 shares of the real estate investment trust’s stock worth $3,092,000 after buying an additional 162 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RHP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Truist Financial increased their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Barclays set a $109.00 price objective on Ryman Hospitality Properties in a report on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their target price 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. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.58.

Ryman Hospitality Properties Stock Up 2.4%

RHP stock opened at $98.04 on Friday. The firm has a 50-day moving average price of $95.29 and a 200-day moving average price of $94.37. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $105.51. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a market capitalization of $6.18 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.21.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $1.20 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 annualized dividend and a dividend yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.98%.

About Ryman Hospitality Properties

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.