Citigroup Inc. Lowers Stock Position in Ryman Hospitality Properties, Inc. $RHP

Citigroup Inc. cut its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 40.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,667 shares of the real estate investment trust’s stock after selling 38,862 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Ryman Hospitality Properties worth $5,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ryman Hospitality Properties by 11.0% in 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. Texas Yale Capital Corp. raised its position in shares of Ryman Hospitality Properties by 2.2% during 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 purchasing an additional 150 shares during the period. Assetmark Inc. lifted its stake in shares of Ryman Hospitality Properties by 10.7% during the 3rd quarter. Assetmark Inc. now owns 1,570 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 152 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Ryman Hospitality Properties by 5.4% in 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 boosted its holdings in Ryman Hospitality Properties by 0.5% in the 2nd 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 during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.4%

Shares of RHP opened at $98.34 on Wednesday. The stock has a market capitalization of $6.20 billion, a PE ratio of 26.15, a P/E/G ratio of 2.64 and a beta of 1.18. The company’s fifty day moving average is $97.26 and its 200 day moving average is $95.03. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $105.75.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 127.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Barclays set a $109.00 price target on Ryman Hospitality Properties in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.82.

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.