Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 86.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,967 shares of the real estate investment trust's stock after acquiring an additional 8,785 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Ryman Hospitality Properties were worth $1,979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new stake in Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Avior Wealth Management LLC lifted its holdings in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 137 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $72,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $83,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Down 1.8 %

RHP traded down $1.68 on Friday, hitting $91.77. The company had a trading volume of 644,542 shares, compared to its average volume of 557,082. The company's fifty day moving average price is $100.24 and its 200 day moving average price is $106.14. Ryman Hospitality Properties, Inc. has a 1 year low of $90.81 and a 1 year high of $121.77. 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 cap of $5.50 billion, a P/E ratio of 20.90, a PEG ratio of 2.71 and a beta of 1.65.

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Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.

Analyst Ratings Changes

A number of research firms recently weighed in on RHP. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target on the stock. Truist Financial reduced their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus price target of $124.67.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties 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.