Teacher Retirement System of Texas Has $1.53 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Teacher Retirement System of Texas grew its holdings 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 SEC. The firm owned 16,692 shares of the real estate investment trust's stock after acquiring 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.

A number of other institutional investors also recently modified their holdings of RHP. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Fifth Third Bancorp lifted its position in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Covestor Ltd lifted its position in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after purchasing an additional 207 shares during the period. Finally, FIL Ltd lifted its position in Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares during the period. Institutional investors own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company'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 completion of the transaction, the director owned 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed acquired 8,356 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the purchase, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded down $1.10 on Friday, reaching $103.35. The company had a trading volume of 357,998 shares, compared to its average volume of 670,324. The stock has a market capitalization of $6.20 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The business's 50-day moving average is $98.54 and its 200 day moving average is $97.44.

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 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

Analyst Ratings Changes

RHP has been the subject of several recent analyst reports. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Jefferies Financial Group cut their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Evercore ISI cut their price objective 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, Wells Fargo & Company reaffirmed an "overweight" rating and set a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.43.

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.