NJ State Employees Deferred Compensation Plan Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other large investors also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 98.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock worth $10,431,000 after purchasing an additional 47,077 shares during the period. Nordea Investment Management AB boosted its position in shares of Ryman Hospitality Properties by 22.8% during the third quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock worth $6,148,000 after acquiring an additional 13,566 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Ryman Hospitality Properties by 29.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock worth $4,336,000 after acquiring an additional 8,945 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of Ryman Hospitality Properties by 9.6% during the fourth quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock worth $48,183,000 after acquiring an additional 38,270 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ryman Hospitality Properties during the third quarter worth $700,000. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Truist Financial upped their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Ryman Hospitality Properties Trading Up 0.1 %

Shares of NYSE RHP traded up $0.10 during mid-day trading on Friday, reaching $107.06. The company had a trading volume of 304,578 shares, compared to its average volume of 423,050. The business’s 50-day moving average is $114.76 and its 200-day moving average is $106.64. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

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.