State of Alaska Department of Revenue Grows Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of Alaska Department of Revenue lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 119.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,658 shares of the real estate investment trust's stock after acquiring an additional 33,576 shares during the quarter. State of Alaska Department of Revenue owned 0.10% of Ryman Hospitality Properties worth $5,636,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RHP. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $31,000. Fifth Third Bancorp raised its position in shares of Ryman Hospitality Properties by 175.6% during the 1st 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 last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $72,000. Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $83,000. Finally, 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 worth $87,000 after purchasing an additional 207 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on RHP shares. Truist Financial reduced their price target 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. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a report on Monday. They issued an "overweight" rating and a $117.00 price objective for the company. 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 report on Monday, April 28th. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.43.

Insider Buying and Selling

In related news, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The shares were acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the purchase, the chairman now owns 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase 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 link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on 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 now owns 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Up 2.2%

Shares of NYSE RHP traded up $2.15 during midday trading on Monday, reaching $100.94. 700,921 shares of the stock were exchanged, compared to its average volume of 662,720. The company has a 50 day simple moving average of $94.36 and a 200 day simple moving average of $98.16. The stock has a market capitalization of $6.06 billion, a P/E ratio of 21.39, a PEG ratio of 2.69 and a beta of 1.58. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to the consensus estimate 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 was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 EPS. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.56%. Ryman Hospitality Properties's payout ratio is currently 97.46%.

Ryman Hospitality Properties Company 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.