VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Position in Ryman Hospitality Properties, Inc. $RHP

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 77.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,800 shares of the real estate investment trust’s stock after selling 30,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ryman Hospitality Properties were worth $788,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock worth $148,248,000 after acquiring an additional 9,629 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ryman Hospitality Properties by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after purchasing an additional 144,870 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 8.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,076,243 shares of the real estate investment trust’s stock worth $106,193,000 after purchasing an additional 85,195 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Ryman Hospitality Properties by 0.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 965,737 shares of the real estate investment trust’s stock valued at $95,289,000 after purchasing an additional 5,411 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $95.37 on Monday. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $108.42. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a fifty day simple moving average of $93.90 and a two-hundred day simple moving average of $95.45. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 2.12 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The firm had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same period in the previous year, the company posted $1.93 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio is 126.98%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RHP. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Morgan Stanley initiated coverage on Ryman Hospitality Properties in a report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price objective for the company. Truist Financial increased their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average target price of $108.56.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 8,993 shares of the company’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. The trade was a 1.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by company insiders.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.