Venturi Wealth Management LLC Makes New $83,000 Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 800 shares of the real estate investment trust’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RHP. Quarry LP purchased a new stake in Ryman Hospitality Properties in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $31,000. Avior Wealth Management LLC grew its stake in shares of 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 buying an additional 137 shares during the period. Farther Finance Advisors LLC grew its stake in shares of 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 buying an additional 218 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Ryman Hospitality Properties by 183.1% during the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 5.0 %

NYSE RHP opened at $98.48 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The business has a 50 day moving average price of $104.26 and a two-hundred day moving average price of $107.02. The stock has a market cap of $5.90 billion, a PE ratio of 22.43, a P/E/G ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. As a group, sell-side 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. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.67%. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Truist Financial lifted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets assumed 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. Finally, Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.17.

Ryman Hospitality Properties Company 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.