Employees Retirement System of Texas Grows Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Employees Retirement System of Texas increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 116.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,412 shares of the real estate investment trust’s stock after purchasing an additional 11,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Ryman Hospitality Properties were worth $2,038,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RHP. Principal Financial Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after purchasing an additional 1,466,220 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after buying an additional 870,081 shares during the period. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after purchasing an additional 226,547 shares during the period. Heitman Real Estate Securities LLC lifted its stake in shares of Ryman Hospitality Properties by 46.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock valued at $67,356,000 after purchasing an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at $11,574,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $108.97 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The firm has a market capitalization of $6.53 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66. The firm’s fifty day moving average price is $102.15 and its two-hundred day moving average price is $104.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 91.10%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.14.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the acquisition, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by 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.