Envestnet Asset Management Inc. Has $8.18 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

Envestnet Asset Management Inc. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,317 shares of the real estate investment trust’s stock after selling 6,867 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of Ryman Hospitality Properties worth $8,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Peregrine Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 4,049.6% in the second 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 period. Bayforest Capital Ltd acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at $776,000. Strs Ohio grew its stake in Ryman Hospitality Properties by 23.3% in the 3rd quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after buying an additional 21,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ryman Hospitality Properties in the 2nd quarter worth $344,000. Finally, Allworth Financial LP lifted its position in Ryman Hospitality Properties by 19,615.6% during the 2nd quarter. Allworth Financial LP now owns 6,309 shares of the real estate investment trust’s stock worth $622,000 after acquiring an additional 6,277 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RHP. Truist Financial raised their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average target price of $110.18.

Ryman Hospitality Properties Stock Up 0.9%

NYSE RHP opened at $103.02 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $105.30. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.61 and a beta of 1.21. The stock’s 50 day moving average is $96.69 and its two-hundred day moving average is $94.62. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.20 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.7%. Ryman Hospitality Properties’s dividend payout ratio is 126.98%.

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.