Employees Retirement System of Texas Buys 5,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Employees Retirement System of Texas boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,912 shares of the real estate investment trust's stock after acquiring an additional 5,000 shares during the quarter. Employees Retirement System of Texas owned 0.10% of Ryman Hospitality Properties worth $5,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Ryman Hospitality Properties by 41.9% in 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 purchasing an additional 931,283 shares during the last quarter. Cooke & Bieler LP acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $74,811,000. Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $65,142,000. Norges Bank bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $29,448,000. Finally, Victory Capital Management Inc. raised its position in shares of Ryman Hospitality Properties by 87.3% in the fourth 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 during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RHP shares. Truist Financial dropped their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Jefferies Financial Group decreased their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded up $1.93 during trading on Friday, hitting $85.40. 846,013 shares of the company were exchanged, compared to its average volume of 603,385. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a market capitalization of $5.12 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The business's 50 day moving average is $95.52 and its 200-day moving average is $104.45.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.39%. Ryman Hospitality Properties's dividend payout ratio is 104.78%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company'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 sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase 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.