Sanctuary Advisors LLC Sells 3,952 Shares of Ryman Hospitality Properties, Inc. $RHP

Sanctuary Advisors LLC lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 53.0% in the 1st quarter, HoldingsChannel.com reports. The firm 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 bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the last quarter. International Assets Investment Management LLC lifted its position in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at about $28,000. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on RHP shares. Barclays boosted their price objective on Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Morgan Stanley lifted 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. Raymond James Financial reiterated an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.10.

Ryman Hospitality Properties Stock Down 1.6%

Ryman Hospitality Properties stock opened at $133.45 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The stock has a market cap of $8.42 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. The firm’s 50-day simple moving average is $124.34 and its 200 day simple moving average is $107.81. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Dividend Announcement

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

Ryman Hospitality Properties Company 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.