Hamlin Capital Management LLC Acquires Shares of 624,326 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, Holdings Channel reports. The firm acquired 624,326 shares of the real estate investment trust’s stock, valued at approximately $65,142,000. Ryman Hospitality Properties accounts for about 1.6% of Hamlin Capital Management LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors have also bought and sold shares of the company. Magnetar Financial LLC bought a new position in Ryman Hospitality Properties during the second quarter valued at $4,390,000. Reinhart Partners LLC. lifted its holdings in shares of Ryman Hospitality Properties by 55.5% in the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock worth $41,076,000 after acquiring an additional 136,756 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 22,871 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth about $488,000. Finally, Armistice Capital LLC lifted its holdings in shares of Ryman Hospitality Properties by 142.7% in the 2nd quarter. Armistice Capital LLC now owns 60,063 shares of the real estate investment trust’s stock worth $5,998,000 after acquiring an additional 35,319 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average target price of $128.57.

Ryman Hospitality Properties Stock Down 0.1 %

RHP stock opened at $102.97 on Tuesday. The firm has a 50 day moving average of $109.92 and a 200 day moving average of $106.53. The stock has a market capitalization of $6.17 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.48 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.47%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.