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

Louisiana State Employees Retirement System purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,200 shares of the real estate investment trust's stock, valued at approximately $2,579,000.

A number of other institutional investors have also made changes to their positions in the business. Quantinno Capital Management LP raised its holdings in shares of Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock valued at $485,000 after buying an additional 98 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after buying an additional 125 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock valued at $350,000 after buying an additional 130 shares during the last quarter. Summit Global Investments raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after buying an additional 153 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in Ryman Hospitality Properties by 6.5% during the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 153 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $1.23 during midday trading on Friday, hitting $99.79. 352,567 shares of the company were exchanged, compared to its average volume of 671,035. The firm has a market capitalization of $5.99 billion, a P/E ratio of 21.18, a PEG ratio of 2.74 and a beta of 1.57. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. The firm's 50 day moving average price is $99.10 and its two-hundred day moving average price is $97.31. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping 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 company had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. During the same quarter last year, the firm earned $1.60 earnings per share. The company's revenue was up 11.2% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Analyst Upgrades and Downgrades

RHP has been the subject of several recent research reports. Jefferies Financial Group dropped their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI lowered their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial lowered their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.43.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman directly owned 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade 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 insiders.

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.