Police & Firemen s Retirement System of New Jersey Buys 1,046 Shares of Ryman Hospitality Properties, Inc. $RHP

Police & Firemen s Retirement System of New Jersey boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,537 shares of the real estate investment trust’s stock after buying an additional 1,046 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Ryman Hospitality Properties were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after acquiring an additional 603,936 shares during the last quarter. Geode Capital Management LLC raised its position in Ryman Hospitality Properties by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock worth $148,248,000 after purchasing an additional 9,629 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ryman Hospitality Properties by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust’s stock worth $90,621,000 after purchasing an additional 11,872 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of Ryman Hospitality Properties by 1.2% during the second quarter. Cooke & Bieler LP now owns 913,608 shares of the real estate investment trust’s stock valued at $90,146,000 after buying an additional 10,734 shares during the period. Finally, Hamlin Capital Management LLC grew its stake in shares of Ryman Hospitality Properties by 0.7% during the second quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock valued at $88,259,000 after buying an additional 6,530 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $90.29 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock’s fifty day moving average price is $91.33 and its 200-day moving average price is $95.79. The firm has a market cap of $5.69 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.60 and a beta of 1.60. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 121.69%.

Wall Street Analyst Weigh In

RHP has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price for the company. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.40.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,993 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the completion of the purchase, the chairman directly owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This represents a 1.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.