California State Teachers Retirement System Trims Holdings in Ryman Hospitality Properties, Inc. $RHP

California State Teachers Retirement System reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,281 shares of the real estate investment trust's stock after selling 109 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Ryman Hospitality Properties worth $8,906,073 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $3,541,000. BlackRock Inc. acquired a new position in Ryman Hospitality Properties in the 2nd quarter valued at $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $60,655,000. Wellington Management Group LLP bought a new position in shares of Ryman Hospitality Properties during the second quarter worth about $24,658,000. Finally, Reinhart Partners LLC. lifted its position in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust's stock valued at $91,386,000 after acquiring an additional 11,766 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded down $1.07 during mid-day trading on Tuesday, hitting $121.13. The company's stock had a trading volume of 154,941 shares, compared to its average volume of 608,817. The stock's fifty day moving average price is $126.87 and its two-hundred day moving average price is $114.15. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $137.46. The stock has a market capitalization of $7.65 billion, a P/E ratio of 29.61, a P/E/G ratio of 1.87 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.11. The business had revenue of $748.98 million during the quarter, compared to analysts' expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.35 earnings per share. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Citigroup lifted their price target on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. Raymond James Financial restated an "outperform" rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $132.33.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company's hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman's Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.

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