4,138 Ryman Hospitality Properties, Inc. $RHP Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 47,220 shares of the real estate investment trust’s stock after selling 4,138 shares during the period. State of Alaska Department of Revenue’s holdings in Ryman Hospitality Properties were worth $5,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Arizona State Retirement System lifted its position in Ryman Hospitality Properties by 0.6% during the second quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust’s stock valued at $2,127,000 after buying an additional 103 shares in the last quarter. Inspire Investing LLC increased its position in shares of Ryman Hospitality Properties by 2.0% in the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 111 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Ryman Hospitality Properties by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 20.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 146 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 34.2% in the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 219 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 0.6%

NYSE:RHP traded up $0.76 during trading hours on Friday, hitting $126.16. The stock had a trading volume of 565,146 shares, compared to its average volume of 574,196. The company has a market cap of $7.96 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.22. The business has a 50 day simple moving average of $123.50 and a two-hundred day simple moving average of $118.55. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. During the same period in the previous year, the company posted $2.35 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Analysts predict that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 annualized dividend and a yield of 3.8%. Ryman Hospitality Properties’s payout ratio is 117.36%.

Analysts Set New Price Targets

Several research firms recently weighed in on RHP. Barclays reduced their target price on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Truist Financial upped their target price on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $132.42.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.