Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $96,588.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryman Hospitality Properties Trading Up 0.8 %

Shares of Ryman Hospitality Properties stock opened at $109.77 on Monday. The company has a 50 day simple moving average of $101.63 and a two-hundred day simple moving average of $104.87. The firm has a market cap of $6.57 billion, a PE ratio of 22.73, a PEG ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.01%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Truist Financial decreased their target price 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 cut their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.14.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after purchasing an additional 226,547 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after buying an additional 1,466,220 shares in the last quarter. American Century Companies Inc. boosted its stake in Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after buying an additional 12,058 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after acquiring an additional 870,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ryman Hospitality Properties by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock worth $81,947,000 after acquiring an additional 8,469 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.