State of Alaska Department of Revenue Has $5.64 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of RHP. Inscription Capital LLC acquired a new position in shares of Ryman Hospitality Properties during the first quarter worth about $594,000. Community Trust & Investment Co. acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $2,487,000. Janney Montgomery Scott LLC lifted its stake in Ryman Hospitality Properties by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust's stock valued at $444,000 after acquiring an additional 585 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 405 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in 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 acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $98.35 on Friday. The company has a fifty day moving average price of $93.78 and a two-hundred day moving average price of $98.69. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The stock has a market cap of $5.90 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.68 and a beta of 1.58. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its 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 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%. Ryman Hospitality Properties's revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS 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 paid a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.68%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RHP shares. 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. Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Evercore ISI cut their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Jefferies Financial Group lowered their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now owns 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director now owns 2,576 shares in the company, 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.

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