Strs Ohio Sells 7,500 Shares of Ryman Hospitality Properties, Inc. $RHP

Strs Ohio trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,924 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. Strs Ohio owned approximately 0.19% of Ryman Hospitality Properties worth $10,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RHP. State Street Corp raised its position in 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 valued at $336,901,000 after buying an additional 20,756 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $150,327,000 after acquiring an additional 11,591 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of Ryman Hospitality Properties by 12.8% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 2.9% in the fourth 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 during the last quarter. Finally, Hamlin Capital Management LLC lifted its position in shares of 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 purchasing an additional 41,764 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $127.76 on Monday. The stock has a market cap of $8.06 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.20. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The company has a fifty day moving average price of $116.01 and a two-hundred day moving average price of $103.43. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Analyst Ratings Changes

A number of research analysts recently weighed in on RHP shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald upped their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

About Ryman Hospitality Properties

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.