Employees Retirement System of Texas Purchases 5,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Employees Retirement System of Texas increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,912 shares of the real estate investment trust's stock after acquiring an additional 5,000 shares during the quarter. Employees Retirement System of Texas owned about 0.10% of Ryman Hospitality Properties worth $5,938,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter worth $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth $83,000. Covestor Ltd increased its stake in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after buying an additional 207 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in 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 period. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Jefferies Financial Group dropped their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial reduced 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 report on Friday. Evercore ISI dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.00.

Ryman Hospitality Properties Trading Down 0.1%

Shares of Ryman Hospitality Properties stock traded down $0.14 on Friday, reaching $97.20. The company had a trading volume of 783,915 shares, compared to its average volume of 891,298. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm's 50-day moving average price is $90.93 and its two-hundred day moving average price is $100.46. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

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 for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same period in the prior year, the business posted $1.60 earnings per share. The company's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's payout ratio is presently 97.46%.

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.