Shell Asset Management Co. Decreases Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Posted by on May 5th, 2023

Shell Asset Management Co. trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,346 shares of the real estate investment trust’s stock after selling 1,463 shares during the period. Shell Asset Management Co.’s holdings in Ryman Hospitality Properties were worth $601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisor Networks LLC bought a new position in Ryman Hospitality Properties during the 1st quarter valued at approximately $201,000. PNC Financial Services Group Inc. boosted its holdings in Ryman Hospitality Properties by 7.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,250 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 361 shares in the last quarter. MetLife Investment Management LLC increased its position in Ryman Hospitality Properties by 50.0% during the 1st quarter. MetLife Investment Management LLC now owns 28,440 shares of the real estate investment trust’s stock valued at $2,638,000 after purchasing an additional 9,484 shares during the period. Rhumbline Advisers raised its holdings in Ryman Hospitality Properties by 2.0% in the 1st quarter. Rhumbline Advisers now owns 68,297 shares of the real estate investment trust’s stock worth $6,336,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Ryman Hospitality Properties by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 46,668 shares of the real estate investment trust’s stock worth $4,497,000 after purchasing an additional 563 shares during the period. 92.80% of the stock is owned by institutional investors.

Ryman Hospitality Properties Trading Up 1.5 %

Shares of NYSE RHP opened at $92.39 on Friday. The firm’s 50 day moving average price is $89.49 and its 200-day moving average price is $88.19. Ryman Hospitality Properties, Inc. has a 52-week low of $70.46 and a 52-week high of $97.29. The company has a debt-to-equity ratio of 29.85, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $5.10 billion, a PE ratio of 40.52, a P/E/G ratio of 9.27 and a beta of 1.59.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $4.00 annualized dividend and a dividend yield of 4.33%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.75. Ryman Hospitality Properties’s payout ratio is currently 131.58%.

Wall Street Analysts Forecast Growth

RHP has been the subject of several research analyst reports. StockNews.com started coverage on shares of Ryman Hospitality Properties in a report on Thursday, March 16th. They issued a “hold” rating for the company. TheStreet upgraded Ryman Hospitality Properties from a “c” rating to a “b-” rating in a research report on Friday, February 24th. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $101.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, March 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ryman Hospitality Properties from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.80.

Ryman Hospitality Properties Profile

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Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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