NJ State Employees Deferred Compensation Plan Buys Shares of 2,000 Ryman Hospitality Properties, Inc. (NYSE:RHP)

NJ State Employees Deferred Compensation Plan bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other institutional investors also recently made changes to their positions in RHP. GAMMA Investing LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $27,000. Signaturefd LLC lifted its holdings in shares of Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 275 shares during the last quarter. Covestor Ltd raised its position in Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 163 shares during the period. Schnieders Capital Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter valued at $216,000. Finally, TIAA Trust National Association acquired a new position in Ryman Hospitality Properties in the 4th quarter worth about $220,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Ryman Hospitality Properties Stock Performance

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

Ryman Hospitality Properties Announces Dividend

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

Ryman Hospitality Properties Company 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.