State of New Jersey Common Pension Fund D Grows Holdings in Ryman Hospitality Properties, Inc. $RHP

State of New Jersey Common Pension Fund D increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,727 shares of the real estate investment trust’s stock after acquiring an additional 2,579 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ryman Hospitality Properties were worth $6,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Community Trust NA grew its position in Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 100 shares in the last quarter. Norinchukin Bank The boosted its holdings in shares of Ryman Hospitality Properties by 4.5% in the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 120 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 130 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Ryman Hospitality Properties by 0.8% in the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock worth $1,609,000 after buying an additional 132 shares in the last quarter. Finally, Golden State Equity Partners boosted its stake in Ryman Hospitality Properties by 4.4% in the second quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 142 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 0.2%

NYSE RHP opened at $87.16 on Monday. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $5.49 billion, a PE ratio of 20.80, a PEG ratio of 1.61 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The business’s 50-day moving average is $94.15 and its 200 day moving average is $95.25.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.Ryman Hospitality Properties’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 5.3%. Ryman Hospitality Properties’s payout ratio is 109.79%.

Wall Street Analysts Forecast Growth

RHP has been the topic of several recent research reports. Wall Street Zen lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. Bank of America raised their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, Morgan Stanley assumed coverage on Ryman Hospitality Properties in a research report on Wednesday. They set an “equal weight” rating and a $92.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.40.

Insiders Place Their Bets

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by company 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.