Franklin Resources Inc. Sells 4,865 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Posted by on Jun 2nd, 2023

Franklin Resources Inc. lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 96,097 shares of the real estate investment trust’s stock after selling 4,865 shares during the quarter. Franklin Resources Inc. owned 0.17% of Ryman Hospitality Properties worth $7,859,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $25,000. James Investment Research Inc. bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $27,000. Lazard Asset Management LLC grew its position in Ryman Hospitality Properties by 667.4% in the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 287 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $38,000. Finally, Ellevest Inc. grew its position in Ryman Hospitality Properties by 83.7% in the 4th quarter. Ellevest Inc. now owns 542 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 247 shares during the last quarter. Institutional investors own 92.80% of the company’s stock.

Ryman Hospitality Properties Trading Up 1.2 %

Shares of NYSE RHP opened at $92.84 on Friday. The company has a debt-to-equity ratio of 28.59, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $5.12 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 11.62 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 1-year low of $70.46 and a 1-year high of $98.30. The business has a fifty day moving average price of $90.61 and a 200 day moving average price of $89.10.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $1.00 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, June 29th. Ryman Hospitality Properties’s dividend payout ratio is 80.00%.

Analysts Set New Price Targets

RHP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Ryman Hospitality Properties from $126.00 to $128.00 in a research report on Tuesday, May 9th. StockNews.com initiated coverage on Ryman Hospitality Properties in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet raised Ryman Hospitality Properties from a “c” rating to a “b-” rating in a research report on Friday, February 24th. Finally, Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $101.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, March 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $107.40.

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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