Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 7,725 Shares of Ryman Hospitality Properties, Inc. $RHP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 43,381 shares of the real estate investment trust’s stock after purchasing an additional 7,725 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ryman Hospitality Properties were worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Quent Capital LLC bought a new position in Ryman Hospitality Properties in the fourth quarter valued at about $1,135,000. Strs Ohio grew its stake in shares of Ryman Hospitality Properties by 10.6% during the 4th quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after purchasing an additional 12,100 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Ryman Hospitality Properties during the 1st quarter valued at about $992,000. Hamlin Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 4.2% during the 4th quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after purchasing an additional 41,764 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Ryman Hospitality Properties by 18.8% during the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the real estate investment trust’s stock valued at $9,967,000 after purchasing an additional 16,682 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.0%

NYSE RHP opened at $125.19 on Thursday. The stock’s 50-day moving average price is $119.38 and its 200-day moving average price is $105.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $132.41. The company has a market capitalization of $7.90 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RHP shares. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. BMO Capital Markets restated an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Cantor Fitzgerald increased their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.