State of New Jersey Common Pension Fund D Has $5.66 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of New Jersey Common Pension Fund D decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 33.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,716 shares of the real estate investment trust's stock after selling 28,826 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Ryman Hospitality Properties worth $5,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 262 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter valued at approximately $103,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RHP shares. JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday. Truist Financial reduced their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, May 30th. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $116.14.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded down $0.49 during trading on Monday, hitting $101.00. The company had a trading volume of 518,668 shares, compared to its average volume of 447,439. The business's 50-day moving average is $101.11 and its 200 day moving average is $105.21. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a market cap of $6.05 billion, a P/E ratio of 20.91, a PEG ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares of the company's stock, valued at approximately $80,885,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

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.