Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $144,640.62 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $111.41 on Friday. The firm has a 50 day moving average of $108.40 and a 200-day moving average of $104.14. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.65. 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, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is 78.15%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 2.7% during 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 acquiring an additional 226,547 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the last quarter. American Century Companies Inc. grew its position in Ryman Hospitality Properties by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ryman Hospitality Properties by 264.2% in the 2nd 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 buying an additional 870,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ryman Hospitality Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after buying an additional 6,289 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RHP. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group started 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. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.17.

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.