Sanctuary Advisors LLC Has $324,000 Holdings in Ryman Hospitality Properties, Inc. $RHP

Sanctuary Advisors LLC decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 53.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,507 shares of the real estate investment trust’s stock after selling 3,952 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ryman Hospitality Properties were worth $324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after buying an additional 11,591 shares during the period. Cooke & Bieler LP boosted its position in Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after acquiring an additional 142,206 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ryman Hospitality Properties by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock valued at $109,381,000 after acquiring an additional 33,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 894,493 shares of the real estate investment trust’s stock worth $84,642,000 after acquiring an additional 13,572 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Morgan Stanley upped their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Cantor Fitzgerald lifted their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Truist Financial boosted their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.10.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $133.45 on Friday. The firm’s 50-day moving average price is $124.34 and its 200-day moving average price is $107.81. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The firm has a market capitalization of $8.42 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.43 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.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

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.