Ryman Hospitality Properties, Inc. $RHP Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,220 shares of the real estate investment trust’s stock after selling 4,138 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Ryman Hospitality Properties worth $5,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System lifted its stake in shares of Ryman Hospitality Properties by 0.6% during the second quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust’s stock valued at $2,127,000 after buying an additional 103 shares during the period. Inspire Investing LLC grew its stake in Ryman Hospitality Properties by 2.0% in the 1st quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 111 shares during the period. Janney Montgomery Scott LLC grew its stake in Ryman Hospitality Properties by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC raised its holdings in Ryman Hospitality Properties by 20.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 146 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Ryman Hospitality Properties by 34.2% in the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 219 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Cantor Fitzgerald increased their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Barclays lowered their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $132.42.

Ryman Hospitality Properties Trading Up 0.6%

Shares of RHP traded up $0.76 during mid-day trading on Friday, reaching $126.16. The company had a trading volume of 565,146 shares, compared to its average volume of 574,196. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.22. The firm has a fifty day simple moving average of $123.50 and a 200-day simple moving average of $118.55. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. The company had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 EPS. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s payout ratio is 117.36%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.