Teacher Retirement System of Texas Grows Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Teacher Retirement System of Texas grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 44.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,692 shares of the real estate investment trust's stock after buying an additional 5,125 shares during the quarter. Teacher Retirement System of Texas' holdings in Ryman Hospitality Properties were worth $1,526,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth $31,000. Fifth Third Bancorp grew its stake 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 bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $72,000. Covestor Ltd raised its position in shares of 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 buying an additional 207 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of Ryman Hospitality Properties by 44.5% in the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the 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 completion of the sale, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,356 shares of the firm's stock in a transaction on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Trading Down 1.8%

NYSE:RHP traded down $1.85 during trading hours on Tuesday, hitting $101.96. The company had a trading volume of 406,524 shares, compared to its average volume of 669,566. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92. The company has a 50-day moving average of $98.54 and a 200 day moving average of $97.31. The company has a market cap of $6.12 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.78 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.60 earnings per share. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RHP. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Truist Financial dropped their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $115.43.

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.