Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed Purchases 8,231 Shares

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

Ryman Hospitality Properties Trading Up 0.2 %

Shares of Ryman Hospitality Properties stock traded up $0.20 on Thursday, hitting $96.97. 232,151 shares of the company’s stock traded hands, compared to its average volume of 474,400. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $121.77. The company has a fifty day moving average of $103.57 and a two-hundred day moving average of $106.93. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67.

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

Ryman Hospitality Properties Announces Dividend

The business 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 4.74%. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its stake in Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 98 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 125 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock valued at $1,723,000 after purchasing an additional 132 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on RHP. Truist Financial reissued a “buy” rating and issued a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, February 21st. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Finally, Jefferies Financial Group started 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 target on the stock. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” 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.