Ryman Hospitality Properties, Inc. (NYSE:RHP) Holdings Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 44.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,692 shares of the real estate investment trust’s stock after purchasing an additional 5,125 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ryman Hospitality Properties were worth $1,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Raymond James Financial Inc. purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $23,995,000. PNC Financial Services Group Inc. raised its holdings in Ryman Hospitality Properties by 369.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,738 shares of the real estate investment trust’s stock worth $1,329,000 after acquiring an additional 10,025 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ryman Hospitality Properties by 48.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,091 shares of the real estate investment trust’s stock worth $3,766,000 after acquiring an additional 11,753 shares during the period. Daiwa Securities Group Inc. raised its holdings in Ryman Hospitality Properties by 4.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,830 shares of the real estate investment trust’s stock worth $2,174,000 after acquiring an additional 924 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $262,000. 94.48% of the stock is currently owned by institutional investors.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,356 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Down 1.1%

Ryman Hospitality Properties stock opened at $103.35 on Friday. The stock has a market capitalization of $6.20 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The company has a 50 day moving average of $98.54 and a 200-day moving average of $97.44. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million during the quarter, compared to analysts’ expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 earnings per share. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties’s payout ratio is presently 97.46%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore ISI decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 target price on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.43.

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.