Public Employees Retirement System of Ohio Cuts Holdings in Ryman Hospitality Properties, Inc. $RHP

Public Employees Retirement System of Ohio trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 17.7% during the 1st quarter, HoldingsChannel reports. The firm owned 70,992 shares of the real estate investment trust’s stock after selling 15,317 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ryman Hospitality Properties were worth $6,550,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at approximately $28,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHP has been the topic of several research reports. Barclays boosted their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. 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 research report on Tuesday, May 26th. Weiss Ratings downgraded shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.10.

Ryman Hospitality Properties Trading Up 0.7%

Shares of RHP opened at $135.93 on Wednesday. The company’s fifty day simple moving average is $123.43 and its 200-day simple moving average is $107.24. The company has a market cap of $8.58 billion, a P/E ratio of 35.86, a P/E/G ratio of 2.42 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $136.21.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

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.