Ryman Hospitality Properties, Inc. $RHP Stake Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,189,308 shares of the real estate investment trust’s stock after selling 64,109 shares during the quarter. JPMorgan Chase & Co. owned 1.89% of Ryman Hospitality Properties worth $106,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Hantz Financial Services Inc. grew its position in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. AlphaQuest LLC raised its stake in Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 276 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 282 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 1.7%

RHP opened at $104.85 on Monday. The company has a market capitalization of $6.61 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $105.30. The business has a 50-day moving average of $96.82 and a 200-day moving average of $94.71.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.20 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 126.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target 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. Truist Financial lifted their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.18.

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.