Ryman Hospitality Properties, Inc. $RHP Stock Position Increased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 65.6% in the 3rd quarter, Holdings Channel reports. The firm owned 15,197 shares of the real estate investment trust’s stock after acquiring an additional 6,018 shares during the period. Maryland State Retirement & Pension System’s holdings in Ryman Hospitality Properties were worth $1,816,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $3,541,000. Wellington Management Group LLP bought a new position in Ryman Hospitality Properties during the second quarter valued at approximately $24,658,000. BlackRock Inc. purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at approximately $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at approximately $60,655,000. Finally, Reinhart Partners LLC. grew its holdings in Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock valued at $91,386,000 after buying an additional 11,766 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Truist Financial increased their target price on Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 target price on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. Raymond James Financial boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Finally, Cantor Fitzgerald boosted their price target on shares of Ryman Hospitality Properties from $135.00 to $152.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 10th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.67.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded down $1.35 during mid-day trading on Friday, hitting $135.20. 453,088 shares of the company’s stock traded hands, compared to its average volume of 589,454. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.15 and a quick ratio of 1.15. Ryman Hospitality Properties, Inc. has a 1 year low of $89.60 and a 1 year high of $139.73. The company’s 50-day moving average is $126.45 and its two-hundred day moving average is $115.51. The company has a market capitalization of $9.33 billion, a P/E ratio of 32.66, a PEG ratio of 2.32 and a beta of 1.23.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.04). The company had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $646.13 million. Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.26 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio is 115.94%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc. is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment. The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.