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 dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $96.73 on Friday. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77. The stock 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 two-hundred day moving average is $106.93. 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 (NYSE:RHP) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company 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 dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently modified their holdings of RHP. Citigroup Inc. boosted its position in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 22,871 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $741,000. Van ECK Associates Corp boosted its position in shares of Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 1,029 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter worth approximately $488,000. Finally, Principal Financial Group Inc. boosted its position in shares of Ryman Hospitality Properties by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after acquiring an additional 101,333 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RHP shares. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. StockNews.com downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, February 21st. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Truist Financial reissued a “buy” rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has an average rating of “Hold” and a consensus 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.