Boothbay Fund Management LLC Purchases 28,695 Shares of Ryman Hospitality Properties, Inc. $RHP

Boothbay Fund Management LLC boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 44.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 93,479 shares of the real estate investment trust’s stock after purchasing an additional 28,695 shares during the quarter. Boothbay Fund Management LLC owned about 0.15% of Ryman Hospitality Properties worth $8,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 buying an additional 130 shares in the last quarter. Dakota Wealth Management increased its position in shares of Ryman Hospitality Properties by 1.5% during the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock valued at $808,000 after acquiring an additional 135 shares in the last quarter. Assetmark Inc. increased its position in shares of Ryman Hospitality Properties by 10.7% during the third quarter. Assetmark Inc. now owns 1,570 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 152 shares in the last quarter. Osaic Holdings Inc. raised 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 acquiring an additional 160 shares during the last quarter. Finally, Beacon Investment Advisors LLC raised 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 acquiring an additional 162 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. 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. Truist Financial upped their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Finally, Barclays set a $109.00 price objective on Ryman Hospitality Properties in a report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $110.82.

Ryman Hospitality Properties Trading Down 2.3%

Ryman Hospitality Properties stock opened at $89.92 on Monday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.75. The company has a market cap of $5.67 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.73 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. The business has a 50-day simple moving average of $97.06 and a two-hundred day simple moving average of $94.96.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 127.66%.

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.