The Teacher Retirement System of Texas Raises its position in Ryman Hospitality Properties Inc. (RHP) as a favorable investment target.

The Teacher Retirement System of Texas Raises its position in Ryman Hospitality Properties Inc. (RHP) as a favorable investment target.

Teacher Retirement System of Texas boosted its stake in shares of Ryman Hospitality Properties Inc. (NYSE:RHP) by 13.7% during the second quarter, Holdings Channel reports. The firm owned 6,470 shares of the company’s stock after buying an additional 781 shares during the period. Teacher Retirement System of Texas’ holdings in Ryman Hospitality Properties were worth $328,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Ryman Hospitality Properties by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,615,582 shares of the company’s stock valued at $83,170,000 after buying an additional 64,421 shares during the period. Gabelli Funds LLC raised its position in shares of Ryman Hospitality Properties by 1.4% in the second quarter. Gabelli Funds LLC now owns 1,299,221 shares of the company’s stock valued at $65,806,000 after buying an additional 18,500 shares during the period. Hamlin Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 6.3% in the second quarter. Hamlin Capital Management LLC now owns 1,215,618 shares of the company’s stock valued at $61,571,000 after buying an additional 71,747 shares during the period. State Street Corp raised its position in shares of Ryman Hospitality Properties by 2.6% in the first quarter. State Street Corp now owns 841,431 shares of the company’s stock valued at $43,316,000 after buying an additional 21,721 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Ryman Hospitality Properties by 20.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 801,177 shares of the company’s stock valued at $40,580,000 after buying an additional 138,270 shares during the period. 89.02% of the stock is owned by institutional investors and hedge funds.

Shares of Ryman Hospitality Properties Inc. (NYSE:RHP) opened at 49.49 on Friday. The company has a 50 day moving average price of $50.54 and a 200-day moving average price of $51.68. Ryman Hospitality Properties Inc. has a 12 month low of $41.50 and a 12 month high of $61.02. The stock has a market cap of $2.50 billion, a P/E ratio of 17.81 and a beta of 0.99.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 2nd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.64. The business earned $293.20 million during the quarter, compared to analyst estimates of $291.26 million. Ryman Hospitality Properties had a net margin of 12.76% and a return on equity of 39.46%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. On average, equities research analysts predict that Ryman Hospitality Properties Inc. will post $2.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 6.04%. Ryman Hospitality Properties’s dividend payout ratio is presently 107.91%.

RHP has been the subject of a number of analyst reports. Citigroup Inc. raised their price target on Ryman Hospitality Properties from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Deutsche Bank AG set a $61.00 price target on Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Bank of America Corp. reaffirmed a “hold” rating on shares of Ryman Hospitality Properties in a report on Monday, July 18th. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating on shares of Ryman Hospitality Properties in a report on Sunday, July 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Ryman Hospitality Properties currently has an average rating of “Hold” and an average price target of $47.14.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 6,483 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $55.34, for a total transaction of $358,769.22. Following the completion of the sale, the executive vice president now directly owns 27,365 shares in the company, valued at approximately $1,514,379.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 4.00% of the company’s stock.

Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.

Related posts

Leave a Comment