Strs Ohio Has $10.97 Million Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Strs Ohio reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 118,924 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. Strs Ohio’s holdings in Ryman Hospitality Properties were worth $10,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 113 shares during the last quarter. Global Retirement Partners LLC grew its stake in Ryman Hospitality Properties by 155.0% in the 4th 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. Geneos Wealth Management Inc. raised its holdings in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC lifted its position in Ryman Hospitality Properties by 140.3% during the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 282 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Trading Down 0.1%

Shares of RHP stock opened at $127.76 on Monday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $132.41. The stock’s fifty day moving average price is $116.01 and its two-hundred day moving average price is $103.43. 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 company has a market cap of $8.06 billion, a PE ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

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

Wall Street Analyst Weigh In

RHP has been the topic of a number of research reports. Morgan Stanley upped their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Truist Financial lifted their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Barclays upped their price target on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.