Louisiana State Employees Retirement System Makes New $2.57 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Louisiana State Employees Retirement System acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the first quarter, HoldingsChannel.com reports. The fund acquired 27,900 shares of the real estate investment trust’s stock, valued at approximately $2,574,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryman Hospitality Properties by 61.7% in the third 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 in the last quarter. Norinchukin Bank The grew its stake in Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 119 shares in the last quarter. Lido Advisors LLC increased its holdings in Ryman Hospitality Properties by 3.1% in the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after acquiring an additional 132 shares during the last quarter. Hunter Associates Investment Management LLC increased its holdings in Ryman Hospitality Properties by 1.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,536 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 145 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Ryman Hospitality Properties by 5.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.4%

Shares of NYSE RHP opened at $131.65 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $132.13. The firm’s 50-day moving average price is $113.40 and its 200-day moving average price is $102.30. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.68 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The company 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. This represents a $4.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Wall Street Analyst Weigh In

Several research firms have commented on RHP. BMO Capital Markets reissued an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Morgan Stanley boosted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial increased their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Weiss Ratings downgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average price target 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.