State of New Jersey Common Pension Fund D Has $6.71 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of New Jersey Common Pension Fund D raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,274 shares of the real estate investment trust's stock after purchasing an additional 4,637 shares during the period. State of New Jersey Common Pension Fund D owned 0.11% of Ryman Hospitality Properties worth $6,706,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RHP. Rhumbline Advisers raised its position in Ryman Hospitality Properties by 3.7% during the fourth quarter. Rhumbline Advisers now owns 94,199 shares of the real estate investment trust's stock valued at $9,829,000 after acquiring an additional 3,400 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Ryman Hospitality Properties by 1.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 87,048 shares of the real estate investment trust's stock valued at $9,236,000 after purchasing an additional 1,490 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after purchasing an additional 1,029 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $437,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ryman Hospitality Properties by 9.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,482 shares of the real estate investment trust's stock worth $1,302,000 after buying an additional 1,068 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHP has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target on the stock. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Finally, Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $126.17.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $5.16 during midday trading on Friday, hitting $98.48. The company had a trading volume of 1,362,355 shares, compared to its average volume of 463,872. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The business's 50 day simple moving average is $104.55 and its two-hundred day simple moving average is $106.87. The stock has a market cap of $5.90 billion, a PE ratio of 17.49, a P/E/G ratio of 2.70 and a beta of 1.67. 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 posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

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 $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.67%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 81.71%.

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.