Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 86.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,967 shares of the real estate investment trust’s stock after acquiring an additional 8,785 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ryman Hospitality Properties were worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 51.6% during the 4th quarter. Teacher Retirement System of Texas now owns 11,567 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 3,938 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Xponance Inc. lifted its holdings in shares of Ryman Hospitality Properties by 9.7% in the fourth quarter. Xponance Inc. now owns 4,201 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 370 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $5,761,000. Finally, South Street Advisors LLC grew its position in shares of Ryman Hospitality Properties by 13.8% in the fourth quarter. South Street Advisors LLC now owns 113,676 shares of the real estate investment trust’s stock valued at $11,861,000 after purchasing an additional 13,821 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RHP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wells Fargo & Company dropped their price objective on 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. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Finally, Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Stock Up 2.2 %

RHP opened at $96.55 on Tuesday. Ryman Hospitality Properties, Inc. has a 12 month low of $92.04 and a 12 month high of $121.77. The business has a 50-day moving average of $100.78 and a two-hundred day moving average of $106.34. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.76%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

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.