State of Alaska Department of Revenue Acquires 275 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

State of Alaska Department of Revenue boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,082 shares of the real estate investment trust’s stock after acquiring an additional 275 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ryman Hospitality Properties were worth $2,929,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its holdings in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after purchasing an additional 22,871 shares in the last quarter. Quantinno Capital Management LP bought a new position in Ryman Hospitality Properties during the 3rd quarter valued at $488,000. Raymond James & Associates raised its holdings in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after purchasing an additional 6,563 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock valued at $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Ryman Hospitality Properties by 54.1% during the fourth quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 740 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity

In related news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.3 %

Shares of Ryman Hospitality Properties stock opened at $104.28 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $6.25 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.48 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91. The stock’s 50-day simple moving average is $107.18 and its 200 day simple moving average is $106.85.

Wall Street Analyst Weigh In

RHP has been the subject of several analyst reports. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Truist Financial lifted their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

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.