Ryman Hospitality Properties, Inc. $RHP Shares Purchased by CI Investments Inc.

CI Investments Inc. raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,458 shares of the real estate investment trust’s stock after buying an additional 5,697 shares during the period. CI Investments Inc. owned about 0.08% of Ryman Hospitality Properties worth $4,431,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in shares of Ryman Hospitality Properties by 2,241.7% in the 3rd 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. increased its holdings in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaQuest LLC lifted its stake in shares of Ryman Hospitality Properties by 492.9% during the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ryman Hospitality Properties in the third quarter worth about $40,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RHP. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.82.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $99.67 on Thursday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $105.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. The stock has a market cap of $6.28 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock has a 50 day moving average of $97.30 and a 200-day moving average of $95.07.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 annualized dividend and a dividend yield of 4.8%. Ryman Hospitality Properties’s payout ratio is presently 127.66%.

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.