Insider Buying: Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Buys 8,231 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ryman Hospitality Properties Trading Up 2.1 %

Shares of Ryman Hospitality Properties stock opened at $98.89 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company’s 50-day simple moving average is $103.27 and its 200-day simple moving average is $106.87. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Creative Planning grew its position in Ryman Hospitality Properties by 6.4% during the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 323 shares during the period. Blue Trust Inc. grew its position in Ryman Hospitality Properties by 183.1% during the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 443 shares during the period. Raymond James & Associates grew its position in Ryman Hospitality Properties by 34.3% during the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock worth $2,754,000 after buying an additional 6,563 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Ryman Hospitality Properties by 35.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 574 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Ryman Hospitality Properties by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 795 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial reissued a “buy” rating and set a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

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.