State Board of Administration of Florida Retirement System Sells 3,430 Shares of Ryman Hospitality Properties, Inc. (REIT) (RHP)

State Board of Administration of Florida Retirement System Sells 3,430 Shares of Ryman Hospitality Properties, Inc. (REIT) (RHP)

State Board of Administration of Florida Retirement System reduced its position in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,012 shares of the company’s stock after selling 3,430 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Ryman Hospitality Properties, Inc. (REIT) were worth $1,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHP. FineMark National Bank & Trust raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 1,709.3% in the third quarter. FineMark National Bank & Trust now owns 2,135 shares of the company’s stock worth $103,000 after buying an additional 2,017 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 10,944.0% in the third quarter. Acadian Asset Management LLC now owns 2,761 shares of the company’s stock worth $133,000 after buying an additional 2,736 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of Ryman Hospitality Properties, Inc. (REIT) during the third quarter worth approximately $235,000. Parametrica Management Ltd purchased a new position in shares of Ryman Hospitality Properties, Inc. (REIT) during the third quarter worth approximately $235,000. Finally, Stevens Capital Management LP purchased a new position in shares of Ryman Hospitality Properties, Inc. (REIT) during the third quarter worth approximately $322,000. Institutional investors and hedge funds own 96.24% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE:RHP) opened at 63.61 on Friday. The firm’s 50-day moving average price is $63.53 and its 200 day moving average price is $57.53. Ryman Hospitality Properties, Inc. has a 1-year low of $47.16 and a 1-year high of $67.97. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 20.45 and a beta of 0.74.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) last released its earnings results on Tuesday, February 28th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.04. The firm earned $319.78 million during the quarter, compared to analysts’ expectations of $312 million. Ryman Hospitality Properties, Inc. (REIT) had a net margin of 13.15% and a return on equity of 42.03%. Ryman Hospitality Properties, Inc. (REIT)’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. On average, analysts predict that Ryman Hospitality Properties, Inc. will post $3.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $0.80 dividend. This is a boost from Ryman Hospitality Properties, Inc. (REIT)’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 5.03%. The ex-dividend date is Wednesday, March 29th. Ryman Hospitality Properties, Inc. (REIT)’s payout ratio is presently 102.74%.

A number of research analysts recently commented on RHP shares. JMP Securities restated a “mkt outperform” rating on shares of Ryman Hospitality Properties, Inc. (REIT) in a research note on Tuesday, December 6th. Zacks Investment Research lowered Ryman Hospitality Properties, Inc. (REIT) from a “hold” rating to a “sell” rating in a research note on Friday, March 3rd. Finally, Bank of America Corp lowered Ryman Hospitality Properties, Inc. (REIT) from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.14.

Ryman Hospitality Properties, Inc (REIT) is a finance company in the Specialized REITs industry.

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