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

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 stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is available through this link.

Ryman Hospitality Properties Trading Down 0.0 %

RHP opened at $96.73 on Friday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.71 and a beta of 1.67. The firm’s 50 day moving average is $103.57 and its 200-day moving average is $106.93. 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.

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. The business had revenue of $647.63 million during 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%. Analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend yield of 4.76%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of 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 restated a “buy” rating and issued a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $125.67.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in RHP. Quarry LP bought a new stake in shares of Ryman Hospitality Properties in the third quarter worth $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth $31,000. Avior Wealth Management LLC boosted its holdings in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC boosted its holdings in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 218 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Ryman Hospitality Properties by 183.1% in the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 443 shares during the period. 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.