Ryman Hospitality Properties, Inc. $RHP Position Boosted by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 500,289 shares of the real estate investment trust’s stock after purchasing an additional 37,651 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $47,337,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Ryman Hospitality Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after purchasing an additional 166,293 shares in the last quarter. State Street Corp boosted its position in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Ryman Hospitality Properties by 21.4% during the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock valued at $99,350,000 after purchasing an additional 195,330 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 4.2% during the 4th quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after purchasing an additional 41,764 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Ryman Hospitality Properties by 0.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 968,633 shares of the real estate investment trust’s stock valued at $86,780,000 after purchasing an additional 2,896 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $112.35 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $112.50. The firm has a market capitalization of $7.09 billion, a PE ratio of 29.64, a P/E/G ratio of 2.57 and a beta of 1.22. The firm has a 50-day moving average of $99.69 and a two-hundred day moving average of $97.34.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 4.3%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RHP. Cantor Fitzgerald raised their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Barclays raised their price objective on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

About Ryman Hospitality Properties

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.