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Arizona Retirement System cut its stake in Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report ) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owns 15,856 shares of the real estate investment trust stock after selling 290 shares during the period. The Arizona Retirement System’s holdings in Ryman Hospitality Properties stock were worth $1,745,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings in the company. Heitman Real Estate Securities LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter worth approximately $44,566,000. BlackRock Inc. raised its stake in Ryman Hospitality Properties by 8.5% in the first quarter. BlackRock now owns 5,908,332 shares of the real estate investment trust’s stock valued at $530,155,000 after purchasing an additional 464,016 shares during the last quarter. Norges Bank acquired a new stake in Ryman Hospitality Properties during the fourth quarter valued at $32,747,000. Millennium Management LLC increased its holdings in shares of Ryman Hospitality Properties by 105.1% during the fourth quarter. Millennium Management LLC now owns 749,853 shares of the real estate investment trust’s stock valued at $61,323,000, after acquiring an additional 384,336 shares during the period. Finally, State Street raised its holdings in shares of Ryman Hospitality Properties by 14.6% in the first quarter. State Street Bank now owns 2,640,373 shares of the real estate investment trust’s stock valued at $244,947,000 after acquiring an additional 336,493 shares during the last quarter. 94.48% of the stock is currently held by institutional investors and hedge funds.
Ryman Hotel real estate deal down 1.5%
Shares of RHP opened Friday at $111.05 on the New York Stock Exchange. 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 twelve-month low price of $79.86 and a twelve-month high price of $122.91. The company’s 50-day moving average is $116.10 and its 200-day moving average is $105.14. The stock has a market capitalization of $6.65 billion, a P/E ratio of 21.44, a P/E ratio of 0.79, and a beta of 1.57.
Lyman Hospitality Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will receive a dividend of $1.10. The ex-dividend date for this dividend is Wednesday, March 27. This represents an annualized dividend of $4.40 and a dividend yield of 3.96%. Ryman Hospitality Properties’ current dividend payout ratio (DPR) is 84.94%.
Insider Trading at Lyman Hotels
In related news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold for 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 document filed with the U.S. Securities and Exchange Commission, which is available on the SEC website. 3.30% of the shares are currently owned by insiders.
Wall Street analysts comment
RHP has been the subject of many research reports. Raymond James raised their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.00.
View our latest research reports on RHP
About Ryman Hotel Real Estate
(free report)
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hotel real estate investment trust specializing in upscale convention center resorts and entertainment experiences. The company’s holdings include Gaylord Opryland Resort and Convention Center; Gaylord Palms Resort and Convention Center; Gaylord Texas Resort and Convention Center; Gaylord National Resort and Convention Center; Gaylord The Gaylord Rockies Resort & Convention Center is one of five of the seven largest non-gaming convention center hotels in the United States (based on total indoor meeting space).
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Want to know which other hedge funds own RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report).
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