State of New Jersey Common Pension Fund D Acquires 21,900 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of New Jersey Common Pension Fund D grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 38.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,542 shares of the real estate investment trust’s stock after buying an additional 21,900 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.13% of Ryman Hospitality Properties worth $6,624,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its holdings in Ryman Hospitality Properties by 11.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 10,925 shares of the real estate investment trust’s stock worth $910,000 after purchasing an additional 1,106 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Ryman Hospitality Properties by 4.3% during the third quarter. Van ECK Associates Corp now owns 6,766 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 280 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after purchasing an additional 62,322 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Ryman Hospitality Properties by 0.3% during the third quarter. Gabelli Funds LLC now owns 461,800 shares of the real estate investment trust’s stock worth $38,459,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Ryman Hospitality Properties by 80.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 27,677 shares of the real estate investment trust’s stock worth $2,305,000 after acquiring an additional 12,377 shares during the period. 91.23% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $114.62 on Tuesday. The company’s 50 day moving average is $110.33 and its 200-day moving average is $95.99. Ryman Hospitality Properties, Inc. has a 12-month low of $77.18 and a 12-month high of $115.56. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 7.12. The firm has a market cap of $6.84 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.57.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $1.10 per share. The ex-dividend date was Thursday, December 28th. This represents a $4.40 annualized dividend and a yield of 3.84%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.00. Ryman Hospitality Properties’s payout ratio is currently 114.58%.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $96.84, for a total transaction of $1,452,600.00. Following the completion of the transaction, the chairman now owns 301,414 shares of the company’s stock, valued at $29,188,931.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Chairman Colin V. Reed sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $96.84, for a total transaction of $1,452,600.00. Following the completion of the transaction, the chairman now owns 301,414 shares of the company’s stock, valued at $29,188,931.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Patrick S. Chaffin sold 1,380 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $109.63, for a total transaction of $151,289.40. Following the completion of the transaction, the chief operating officer now directly owns 33,807 shares of the company’s stock, valued at approximately $3,706,261.41. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $114.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. raised shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $89.00 to $102.00 in a research report on Thursday, December 14th. Finally, Raymond James lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $116.71.

Read Our Latest Research Report on RHP

Ryman Hospitality Properties Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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