Central Pacific Bank Trust Division Takes $1.29 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Central Pacific Bank Trust Division acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 1st quarter, Holdings Channel reports. The firm acquired 11,100 shares of the real estate investment trust’s stock, valued at approximately $1,287,000.

Several other hedge funds also recently modified their holdings of RHP. GAMMA Investing LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at $27,000. Parallel Advisors LLC boosted its holdings in Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 262 shares during the last quarter. Signaturefd LLC boosted its holdings in Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 275 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Ryman Hospitality Properties during the 1st quarter worth $103,000. Finally, First Trust Direct Indexing L.P. purchased a new position in Ryman Hospitality Properties during the 1st quarter worth $207,000. Institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Haslam acquired 9,972 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of analyst reports. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $118.29.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded down $0.10 during midday trading on Tuesday, reaching $98.21. The company had a trading volume of 306,033 shares, compared to its average volume of 437,907. The company’s 50 day moving average price is $102.15 and its 200 day moving average price is $109.46. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. The stock has a market cap of $5.88 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.07 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

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.