California State Teachers Retirement System Has $5.02 Million Holdings in Ryman Hospitality Properties, Inc. (RHP)

California State Teachers Retirement System decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,387 shares of the real estate investment trust’s stock after selling 7,256 shares during the quarter. California State Teachers Retirement System owned 0.15% of Ryman Hospitality Properties worth $5,018,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Ryman Hospitality Properties by 3.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 181,748 shares of the real estate investment trust’s stock worth $11,634,000 after purchasing an additional 6,544 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ryman Hospitality Properties by 9.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock worth $38,669,000 after purchasing an additional 50,829 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Ryman Hospitality Properties by 14.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock worth $10,121,000 after purchasing an additional 19,474 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in Ryman Hospitality Properties by 1.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 100 shares in the last quarter. Finally, Overbrook Management Corp raised its stake in Ryman Hospitality Properties by 3.1% in the 2nd quarter. Overbrook Management Corp now owns 537,535 shares of the real estate investment trust’s stock worth $34,408,000 after purchasing an additional 16,279 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 66.13 on Wednesday. The firm has a market capitalization of $3.35 billion, a PE ratio of 20.93 and a beta of 1.17. The stock has a 50 day moving average of $63.21 and a 200 day moving average of $62.79. Ryman Hospitality Properties, Inc. has a 12 month low of $51.02 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The company had revenue of $298.80 million during the quarter, compared to analyst estimates of $296.01 million. During the same period last year, the business earned $1.59 earnings per share. Ryman Hospitality Properties’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.84%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 101.59%.

In other news, CEO Colin V. Reed sold 19,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total value of $1,220,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.

Several analysts have weighed in on RHP shares. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 price objective (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. Finally, UBS AG cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.60.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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

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