California State Teachers Retirement System Lowers Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

California State Teachers Retirement System lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,403 shares of the real estate investment trust’s stock after selling 2,501 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Ryman Hospitality Properties worth $6,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RHP. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $27,000. Parallel Advisors LLC raised its position in shares of Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares during the last quarter. Signaturefd LLC raised its position in shares of Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the last quarter. Covestor Ltd raised its position in shares of Ryman Hospitality Properties by 15.5% in the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 163 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $213,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 13,800 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total transaction of $157,956.54. Following the transaction, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed acquired 13,800 shares of the stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the transaction, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.3 %

Ryman Hospitality Properties stock opened at $100.02 on Tuesday. The business has a 50-day simple moving average of $106.86 and a two-hundred day simple moving average of $110.31. The company has a market cap of $5.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.13 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.40%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHP. Truist Financial lowered their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.29.

View Our Latest Analysis on RHP

Ryman Hospitality Properties Company Profile

(Free Report)

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.

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

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