Teacher Retirement System of Texas Purchases 3,938 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Teacher Retirement System of Texas boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,567 shares of the real estate investment trust's stock after acquiring an additional 3,938 shares during the period. Teacher Retirement System of Texas' holdings in Ryman Hospitality Properties were worth $1,207,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after purchasing an additional 101,333 shares during the last quarter. Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock worth $156,427,000 after buying an additional 12,323 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after buying an additional 14,861 shares during the last quarter. Cooke & Bieler LP bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $74,811,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth $65,142,000. 94.48% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RHP shares. Truist Financial cut their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company cut their price target 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. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective for the company. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.67.

Ryman Hospitality Properties Price Performance

NYSE RHP traded up $1.57 during trading on Wednesday, reaching $94.09. 855,511 shares of the company traded hands, compared to its average volume of 562,742. The stock's 50 day moving average price is $99.36 and its two-hundred day moving average price is $105.96. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1-year low of $89.01 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. The company 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, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought 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 $81,178,640.40. This represents a 1.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction dated 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. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate 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.