13,700 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,700 shares of the real estate investment trust's stock, valued at approximately $1,253,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Fifth Third Bancorp increased its stake in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at $72,000. Covestor Ltd increased its stake in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the period. Finally, FIL Ltd increased its stake in Ryman Hospitality Properties by 44.5% in the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 286 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group dropped their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company restated an "overweight" rating and issued a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Finally, Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.43.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director owned 2,576 shares of the company's stock, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Colin V. Reed acquired 8,356 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the acquisition, the chairman owned 870,406 shares of the company's stock, valued at $84,359,749.52. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Trading Down 0.2%

Shares of Ryman Hospitality Properties stock opened at $103.14 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The company's 50-day simple moving average is $97.15 and its 200-day simple moving average is $97.48. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The business had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same period in the previous year, the business posted $1.60 earnings per share. The business's revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

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.

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