Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 33.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,486 shares of the real estate investment trust's stock after acquiring an additional 6,186 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Ryman Hospitality Properties were worth $2,626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RHP. Principal Financial Group Inc. boosted its holdings 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 worth $338,168,000 after acquiring an additional 931,283 shares during the period. American Century Companies Inc. lifted its position in shares of Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock worth $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after purchasing an additional 12,323 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock valued at $119,771,000 after purchasing an additional 870,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ryman Hospitality Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $1.87 during trading hours on Monday, reaching $111.37. 1,106,188 shares of the stock were exchanged, compared to its average volume of 455,779. The stock has a market capitalization of $6.67 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.95 and a beta of 1.65. The firm has a 50 day simple moving average of $112.64 and a 200-day simple moving average of $105.71. 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 52 week low of $93.76 and a 52 week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same quarter last year, the business earned $1.73 earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio is currently 81.71%.

Analyst Ratings Changes

A number of brokerages have commented on RHP. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective for the company. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. Finally, Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.57.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Company 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.