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

State of Alaska Department of Revenue increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,082 shares of the real estate investment trust’s stock after acquiring an additional 275 shares during the period. State of Alaska Department of Revenue’s holdings in Ryman Hospitality Properties were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in shares of Ryman Hospitality Properties in the third quarter worth $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter worth about $31,000. GAMMA Investing LLC increased its stake in Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RHP. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $104.28 on Monday. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.48 and a beta of 1.67. The company has a 50-day simple moving average of $107.18 and a two-hundred day simple moving average of $106.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

About Ryman Hospitality Properties

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.