California State Teachers Retirement System Raises Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

California State Teachers Retirement System grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 69,390 shares of the real estate investment trust’s stock after acquiring an additional 12,472 shares during the quarter. California State Teachers Retirement System’s holdings in Ryman Hospitality Properties were worth $6,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 172 shares during the last quarter. International Assets Investment Management LLC raised its stake in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 0.5%

NYSE RHP opened at $127.53 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.29 and a beta of 1.20. The company has a fifty day moving average of $125.70 and a two-hundred day moving average of $108.83.

Analysts Set New Price Targets

RHP has been the topic of a number of research reports. Barclays boosted their target price on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Raymond James Financial reissued an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Monday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.10.

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.