Peregrine Capital Management LLC Cuts Stock Position in Ryman Hospitality Properties, Inc. $RHP

Peregrine Capital Management LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,572 shares of the real estate investment trust’s stock after selling 4,575 shares during the quarter. Peregrine Capital Management LLC owned about 0.08% of Ryman Hospitality Properties worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 12,169 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Ryman Hospitality Properties by 131.0% in the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after buying an additional 63,507 shares during the period. Jane Street Group LLC raised its holdings in shares of Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after buying an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% during the 1st 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. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Morgan Stanley boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $127.76 on Friday. The stock has a market cap of $8.06 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The stock has a 50 day moving average of $115.45 and a 200-day moving average of $103.22. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 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.