In its most recent disclosure with the Securities and Exchange Commission, abrdn plc notified a 20.8% decrease in its holdings of Ryman Hospitality Properties, Inc (NYSE: RHP). According to the report, abrdn plc had sold 2,528 shares during the fourth quarter of that period. At the end of this quarter’s reporting period, it held only 9,602 shares worth $785,000.
Ryman Hospitality Properties is an esteemed real estate investment trust that focuses on owning and operating group-oriented hospitality assets in various urban and resort markets. The firm operates through three primary segments – Hospitality, Entertainment, and Corporate and Other. Its Hospitality segment represents directly-owned hotel properties along with their operations as well as Gaylord Rockies joint ventures.
The company recently announced an increase in quarterly dividends which will be paid on July 17th, Monday. Shareholders belonging to the record date by June 30th will obtain a dividend of $1 per share. This brings about a noteworthy rise from Ryman Hospitality’s previous quarterly dividend of $0.75. Nonetheless, shareholders who have not owned the stock by June 29th are deemed ineligible for this payout.
Looking at its dividend payout ratio (DPR), Ryman Hospitality Properties persists at an impressive rate of 80%. As it stands now with an annualized rate of $4 per share and a yield of around 4.45%, it remains to be seen if there will be any significant changes related to this metric in time.
Ryman Hospitality Properties is undoubtedly one of the trusted companies out there when it comes to investment options while abrdn plc’s stance towards its capital input can be more dynamic or subjective based on current market conjecture. For those investors who have taken positions here or wish to take so regarding either RHP or abrdn’s status quo amidst today’s economic dynamics; a good reference point to utilise is diligent analyses of both companies and other industry-relevant news details which can help identify any investment gaps that may exist or be significantly evolved moving forward.
Ryman Hospitality Properties Gains Attention from Institutional Investors and Analysts
Ryman Hospitality Properties (RHP), a real estate investment trust with a market capitalization of $4.97 billion, has been garnering attention from hedge funds and other institutional investors in the past several months. Several key players have made adjustments to their positions in RHP, demonstrating confidence in the company’s future growth potential.
KB Financial Partners LLC, for instance, recently purchased a new stake in RHP valued at $25,000 during the first quarter of this year. James Investment Research Inc., Lazard Asset Management LLC, Ellevest Inc., and Covestor Ltd also increased their stakes in the company by purchasing additional shares during Q1 2021.
It is worth noting that hedge funds and other institutional investors currently own over 92% of RHP’s stock. This indicates strong support from strategic investors who believe in the long-term growth prospects of this real estate investment trust.
As of Friday, June 4th, RHP opened at $89.93 on the NYSE. The company’s debt-to-equity ratio is 28.59, while its beta stands at 1.59. The stock has a price-to-earnings ratio of 23.98 and a price-to-earnings-growth ratio of 11.43.
RHP has received positive ratings from analysts as well. TheStreet upgraded its rating for Ryman Hospitality Properties from “c” to “b-” earlier this year while Deutsche Bank raised its price target for RHP to $128.00 last month.
Despite Wells Fargo & Company reducing its price target on RHP to $96.00 back in March, StockNews.com issued a “hold” rating on Ryman Hospitality Properties when they initiated coverage on the stock just last month.
Overall, data from Bloomberg.com suggests that Ryman Hospitality Properties has an average rating of “Moderate Buy,” with an average target price of $107.40. With growing support from institutional investors and positive ratings from analysts, RHP is certainly an attractive option to consider for potential investors looking to capitalize on growth opportunities in the real estate industry.
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