New York State Teachers Retirement System Buys 19,416 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

New York State Teachers Retirement System lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 367.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,701 shares of the real estate investment trust's stock after buying an additional 19,416 shares during the quarter. New York State Teachers Retirement System's holdings in Ryman Hospitality Properties were worth $2,259,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Quantinno Capital Management LP grew its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th 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 in the last quarter. Cetera Investment Advisers boosted its position in Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after purchasing an additional 125 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares during the period. Arizona State Retirement System lifted its holdings in shares of Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after buying an additional 132 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after buying an additional 153 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RHP shares. Jefferies Financial Group cut their target price 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 cut 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. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Evercore ISI cut 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, Wells Fargo & Company restated an "overweight" rating and issued a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $114.43.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded down $1.10 during trading hours on Friday, hitting $103.35. 357,497 shares of the company's stock were exchanged, compared to its average volume of 669,742. The stock's 50-day moving average is $98.35 and its 200-day moving average is $97.46. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.75 and a beta of 1.57. 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 quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 earnings per share. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is 97.46%.

Insider Activity

In related news, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction on Monday, June 9th. The shares were purchased 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 owned 870,406 shares of the company's stock, valued at $84,359,749.52. This represents a 0.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. The trade was 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.

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.