Employees Retirement System of Texas Lowers Stake in Ryman Hospitality Properties, Inc. $RHP

Employees Retirement System of Texas lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 53,939 shares of the real estate investment trust’s stock after selling 2,443 shares during the period. Employees Retirement System of Texas owned about 0.09% of Ryman Hospitality Properties worth $5,322,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Community Trust NA grew its stake in shares of Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 100 shares in the last quarter. Norinchukin Bank The grew its position in Ryman Hospitality Properties by 4.5% in the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 120 shares in the last quarter. Yousif Capital Management LLC grew its position in Ryman Hospitality Properties by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 132 shares in the last quarter. Golden State Equity Partners lifted its position in shares of Ryman Hospitality Properties by 4.4% during the second quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 142 shares in the last quarter. Finally, Texas Yale Capital Corp. lifted its position in shares of Ryman Hospitality Properties by 2.2% during the second quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 150 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Colin V. Reed acquired 8,993 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the completion of the acquisition, the chairman owned 888,010 shares in the company, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $95.65 on Thursday. The company has a market cap of $6.03 billion, a P/E ratio of 22.83, a PEG ratio of 1.60 and a beta of 1.60. The firm has a fifty day moving average price of $91.04 and a 200 day moving average price of $95.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same period in the previous year, the business earned $1.93 EPS. Ryman Hospitality Properties’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 121.69%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RHP. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley started coverage on Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.40.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.