State of New Jersey Common Pension Fund D Purchases 2,579 Shares of Ryman Hospitality Properties, Inc. $RHP

State of New Jersey Common Pension Fund D grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,727 shares of the real estate investment trust’s stock after buying an additional 2,579 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.11% of Ryman Hospitality Properties worth $6,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 209 shares during the period. AlphaQuest LLC raised its stake in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares during the period. First Community Trust NA raised its stake in shares of Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 100 shares during the period. CWM LLC raised its position in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 493 shares during the period. Finally, Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 31.3% in the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 180 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Down 0.2%

Shares of RHP opened at $87.16 on Monday. The business’s 50-day moving average price is $94.15 and its 200-day moving average price is $95.25. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The stock has a market cap of $5.49 billion, a PE ratio of 20.80, a P/E/G ratio of 1.61 and a beta of 1.57. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.3%. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of research reports. Wall Street Zen cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday. Cantor Fitzgerald assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price on the stock. Bank of America boosted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Morgan Stanley initiated coverage on Ryman Hospitality Properties in a research note on Wednesday. They issued an “equal weight” rating and a $92.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.40.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

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.