California Public Employees Retirement System Sells 11,420 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

California Public Employees Retirement System reduced its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,248 shares of the real estate investment trust's stock after selling 11,420 shares during the period. California Public Employees Retirement System owned 0.18% of Ryman Hospitality Properties worth $11,190,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RHP. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after acquiring an additional 931,283 shares during the period. Cooke & Bieler LP bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $74,811,000. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $65,142,000. Norges Bank bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $29,448,000. Finally, Victory Capital Management Inc. increased its stake in Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after purchasing an additional 255,229 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded down $4.83 during trading hours on Thursday, hitting $82.43. 171,732 shares of the company's stock traded hands, compared to its average volume of 595,818. The business's fifty day moving average price is $96.30 and its two-hundred day moving average price is $104.86. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $4.94 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

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Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.58%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RHP shares. Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. 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 for the company in a research note on Wednesday. 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 stock. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

Ryman Hospitality Properties Company 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.