Venturi Wealth Management LLC Acquires New Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 800 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other large investors have also recently added to or reduced their stakes in RHP. Quarry LP acquired a new position in shares of Ryman Hospitality Properties during the third quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC boosted its stake in Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 218 shares during the period. Finally, Blue Trust Inc. grew its position in Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 443 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 5.0 %

RHP opened at $98.48 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $5.90 billion, a PE ratio of 22.43, a P/E/G ratio of 2.71 and a beta of 1.67. The stock’s fifty day moving average is $104.26 and its 200-day moving average is $107.02. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial increased their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Hold” and a consensus price target of $126.17.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.