Louisiana State Employees Retirement System Takes $2.57 Million Position in Ryman Hospitality Properties, Inc. $RHP

Louisiana State Employees Retirement System acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,900 shares of the real estate investment trust’s stock, valued at approximately $2,574,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 172 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryman Hospitality Properties by 61.7% during 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. Geneos Wealth Management Inc. boosted its stake 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.4%

Shares of RHP stock opened at $131.65 on Monday. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $132.13. The company’s fifty day moving average price is $113.40 and its 200-day moving average price is $102.30. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 2.68 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Wall Street Analysts Forecast Growth

RHP has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Cantor Fitzgerald raised their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.