Louisiana State Employees Retirement System Purchases New Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Louisiana State Employees Retirement System purchased 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 filing with the SEC. The institutional investor purchased 28,200 shares of the real estate investment trust's stock, valued at approximately $2,579,000.

Several other large investors also recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% in the 1st 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $72,000. Covestor Ltd increased its holdings 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 purchasing an additional 207 shares in the last quarter. Finally, FIL Ltd increased its holdings in 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 in the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the acquisition, the chairman 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the sale, the director owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial reduced their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Jefferies Financial Group reduced their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI dropped their price target on 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. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.43.

Ryman Hospitality Properties Stock Down 0.1%

Shares of NYSE:RHP traded down $0.09 during midday trading on Wednesday, reaching $101.56. The company had a trading volume of 161,821 shares, compared to its average volume of 670,042. 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 business's 50 day moving average price is $98.87 and its 200 day moving average price is $97.32. The stock has a market cap of $6.09 billion, a PE ratio of 21.53, a P/E/G ratio of 2.80 and a beta of 1.57. 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 released its 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. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same quarter in the previous year, the business earned $1.60 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 11.2% on a year-over-year basis. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties's payout ratio is currently 97.46%.

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.