Hamlin Capital Management LLC Acquires Shares of 624,326 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hamlin Capital Management LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 624,326 shares of the real estate investment trust’s stock, valued at approximately $65,142,000. Ryman Hospitality Properties accounts for approximately 1.6% of Hamlin Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Hamlin Capital Management LLC owned approximately 1.04% of Ryman Hospitality Properties at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RHP. Quarry LP purchased a new position in shares of Ryman Hospitality Properties during the third quarter valued at about $28,000. GAMMA Investing LLC increased its position in shares of Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 103 shares during the period. Avior Wealth Management LLC increased its position in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares during the period. Farther Finance Advisors LLC increased its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 218 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 183.1% during the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 443 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.57.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Trading Down 0.1 %

Shares of NYSE RHP opened at $102.97 on Tuesday. The firm’s 50 day moving average price is $109.92 and its 200-day moving average price is $106.53. The company has a market cap of $6.17 billion, a PE ratio of 18.29, a P/E/G ratio of 2.48 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 81.71%.

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.