Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $45,895.19 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ryman Hospitality Properties Trading Up 2.1 %

Shares of RHP 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 debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $5.92 billion, a PE ratio of 22.53, a PEG ratio of 2.71 and a beta of 1.67. The stock has a fifty day simple moving average of $103.41 and a two-hundred day simple moving average of $106.86.

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 return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

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

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the business. Employees Retirement System of Texas boosted its holdings in shares of Ryman Hospitality Properties by 9.6% during the 4th quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust’s stock valued at $5,938,000 after purchasing an additional 5,000 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $31,000. DigitalBridge Group Inc. bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $12,218,000. GF Fund Management CO. LTD. bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $108,000. Finally, GTS Securities LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $464,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHP. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.67.

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.