New York State Common Retirement Fund Purchases 5,923 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

New York State Common Retirement Fund grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,757 shares of the real estate investment trust’s stock after buying an additional 5,923 shares during the quarter. New York State Common Retirement Fund owned 0.19% of Ryman Hospitality Properties worth $11,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Quarry LP purchased a new position in Ryman Hospitality Properties during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at $31,000. Avior Wealth Management LLC boosted its position in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RHP. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday. Finally, Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Hold” and a consensus target price of $126.17.

Ryman Hospitality Properties Trading Down 0.1 %

Shares of Ryman Hospitality Properties stock opened at $98.37 on Tuesday. The firm’s 50 day simple moving average is $104.00 and its two-hundred day simple moving average is $107.03. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

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.