Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 86.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,967 shares of the real estate investment trust's stock after purchasing 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. Pathstone Holdings LLC lifted its position in shares of Ryman Hospitality Properties by 9.6% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust's stock worth $2,203,000 after buying an additional 1,800 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 137 shares in the last quarter. Intech Investment Management LLC bought a new position in Ryman Hospitality Properties in the third quarter valued at about $1,777,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock worth $103,413,000 after acquiring an additional 6,289 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

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Ryman Hospitality Properties Trading Down 1.8 %

Shares of Ryman Hospitality Properties stock traded down $1.76 during midday trading on Tuesday, reaching $94.84. The company had a trading volume of 1,186,153 shares, compared to its average volume of 531,719. The stock has a fifty day moving average price of $100.78 and a 200 day moving average price of $106.34. Ryman Hospitality Properties, Inc. has a fifty-two week low of $92.04 and a fifty-two week high of $121.77. The firm has a market cap of $5.68 billion, a PE ratio of 21.60, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The firm 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%. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.85%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was 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 approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company lowered their price target on shares of 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 raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $124.67.

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.