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

State of New Jersey Common Pension Fund D lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,274 shares of the real estate investment trust’s stock after purchasing an additional 4,637 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ryman Hospitality Properties were worth $6,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after purchasing an additional 22,871 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at approximately $488,000. Raymond James & Associates increased its holdings in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after purchasing an additional 6,563 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock valued at $103,413,000 after purchasing an additional 6,289 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Ryman Hospitality Properties by 54.1% in the fourth quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 740 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.2 %

NYSE:RHP opened at $104.66 on Wednesday. The firm has a market cap of $6.27 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.48 and a beta of 1.67. The stock has a fifty day moving average price of $105.32 and a 200 day moving average price of $106.88. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial raised their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target for the company. Finally, BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Ryman Hospitality Properties Profile

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.