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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,381 shares of the real estate investment trust’s stock after acquiring an additional 7,725 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.07% of Ryman Hospitality Properties worth $4,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Ryman Hospitality Properties by 0.6% in the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after purchasing an additional 20,756 shares during the last quarter. Geode Capital Management LLC grew its position in Ryman Hospitality Properties by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after purchasing an additional 11,591 shares during the last quarter. Cooke & Bieler LP increased its stake in Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after purchasing an additional 142,206 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ryman Hospitality Properties by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock valued at $109,381,000 after purchasing an additional 33,120 shares in the last quarter. Finally, Hamlin Capital Management LLC raised its holdings in Ryman Hospitality Properties by 4.2% in the fourth quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock worth $97,434,000 after buying an additional 41,764 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RHP has been the topic of several analyst reports. Weiss Ratings downgraded shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Truist Financial upped their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $125.19 on Thursday. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. The business has a 50-day simple moving average of $119.38 and a two-hundred day simple moving average of $105.00. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $132.41.

Ryman Hospitality Properties Dividend Announcement

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

Ryman Hospitality Properties 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.