Thrivent Financial For Lutherans Increases Stake in Ryman Hospitality Properties, Inc. (REIT) (RHP)

Thrivent Financial For Lutherans increased its holdings in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 862.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,490 shares of the real estate investment trust’s stock after purchasing an additional 81,090 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.18% of Ryman Hospitality Properties worth $6,246,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in Ryman Hospitality Properties by 1.1% during the fourth quarter. BlackRock Inc. now owns 4,626,347 shares of the real estate investment trust’s stock valued at $319,310,000 after acquiring an additional 48,437 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 0.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 908,115 shares of the real estate investment trust’s stock valued at $56,748,000 after purchasing an additional 4,261 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 843,020 shares of the real estate investment trust’s stock valued at $58,185,000 after purchasing an additional 43,671 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Ryman Hospitality Properties by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 736,038 shares of the real estate investment trust’s stock valued at $45,994,000 after purchasing an additional 11,892 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ryman Hospitality Properties by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 672,774 shares of the real estate investment trust’s stock valued at $42,041,000 after purchasing an additional 15,049 shares during the period. 87.13% of the stock is currently owned by institutional investors.

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RHP has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. SunTrust Banks upped their price objective on shares of Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Citigroup raised shares of Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday. Deutsche Bank raised their price objective on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Wells Fargo raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $78.83.

In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 5,995 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were bought at an average price of $75.81 per share, for a total transaction of $454,480.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

Shares of Ryman Hospitality Properties stock traded down $0.11 on Friday, hitting $76.15. 364,645 shares of the company traded hands, compared to its average volume of 330,182. The stock has a market cap of $3,904.64, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 12-month low of $57.78 and a 12-month high of $78.91.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The firm had revenue of $345.18 million for the quarter, compared to analysts’ expectations of $335.37 million. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.51 EPS. equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 5.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 61.15%.

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Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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