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

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

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Ryman Hospitality Properties in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. raised its stake in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RHP shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $91.77 on Friday. The business’s 50 day simple moving average is $100.02 and its 200 day simple moving average is $106.08. Ryman Hospitality Properties, Inc. has a 12 month low of $90.75 and a 12 month high of $121.77. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.71 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.01%. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business’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 completion of the sale, the director now directly owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.