State of Alaska Department of Revenue Reduces Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of Alaska Department of Revenue reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,807 shares of the real estate investment trust’s stock after selling 336 shares during the period. State of Alaska Department of Revenue’s holdings in Ryman Hospitality Properties were worth $2,981,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RHP. Fifth Third Bancorp lifted its stake in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $32,000. Quest Partners LLC raised its position in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. Finally, GAMMA Investing LLC grew 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 worth $43,000 after buying an additional 103 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.20.

Ryman Hospitality Properties Trading Down 2.1 %

NYSE RHP opened at $107.05 on Friday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50-day simple moving average of $106.50 and a 200-day simple moving average of $103.80. Ryman Hospitality Properties, Inc. has a one year low of $83.90 and a one year high of $122.91. The firm has a market capitalization of $6.41 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.05 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties’s payout ratio is 82.55%.

About Ryman Hospitality Properties

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.