Copeland Capital Management LLC Lowers Holdings in Ryman Hospitality Properties, Inc. $RHP

Copeland Capital Management LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,307 shares of the real estate investment trust’s stock after selling 22,169 shares during the quarter. Copeland Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $24,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RHP. Cornerstone Planning Group LLC boosted its stake in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of 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 worth $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ryman Hospitality Properties in the third quarter worth $40,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore restated an “outperform” rating and issued a $115.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Buy” and an average price target of $115.00.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $100.66 on Friday. The stock has a market cap of $6.35 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. The company has a fifty day simple moving average of $97.16 and a 200-day simple moving average of $94.83. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month 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.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties’s payout ratio is 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.