Oregon Public Employees Retirement Fund Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

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

Several other institutional investors have also recently bought and sold shares of RHP. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth about $31,000. Fifth Third Bancorp increased its stake in shares of 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 worth $53,000 after buying an additional 367 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $72,000. Covestor Ltd lifted its stake in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares during the period. Finally, FIL Ltd increased its position in shares of Ryman Hospitality Properties by 44.5% during the 4th 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 last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP remained flat at $102.32 during mid-day trading on Wednesday. The company had a trading volume of 158,253 shares, compared to its average volume of 667,760. The firm's fifty day moving average price is $97.73 and its two-hundred day moving average price is $97.44. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92. The company has a market cap of $6.14 billion, a P/E ratio of 21.68, a PEG ratio of 2.74 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The company had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. Ryman Hospitality Properties's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insider Transactions at Ryman Hospitality Properties

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RHP. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Jefferies Financial Group cut their target price on 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. Evercore ISI lowered their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.43.

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.