Knights of Columbus Asset Advisors LLC Decreases Position in Ryman Hospitality Properties, Inc. $RHP

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 40.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,331 shares of the real estate investment trust’s stock after selling 5,697 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Ryman Hospitality Properties were worth $788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings 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 during the last quarter. State Street Corp lifted its holdings 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 during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after purchasing an additional 142,206 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings 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 during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RHP shares. Cantor Fitzgerald increased their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Barclays raised their target price on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Truist Financial raised their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley raised their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.89.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $114.87 on Friday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average of $102.34 and a 200 day moving average of $98.25. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $117.18.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 4.2%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

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.