The California State Teachers Retirement System (CalSTRS) acquired 8,836,683 additional shares of Ryman Hospitality Properties, Inc. This purchase represents a 12,734.8% increase in the pension fund's holding. CalSTRS now owns 14.11% of the company.
The move follows a quarterly earnings report that surpassed analyst expectations. Citigroup, Truist Financial, and BMO Capital Markets recently reiterated buy or outperform ratings for the stock. These research firms also raised their price targets for the hospitality-focused company.