Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Purchases $1,468,320.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed purchased 13,800 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ryman Hospitality Properties Stock Up 1.1 %

NYSE:RHP traded up $1.16 on Tuesday, reaching $106.42. The stock had a trading volume of 813,687 shares, compared to its average volume of 442,166. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91. The company has a 50-day moving average of $113.02 and a 200 day moving average of $107.94. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The stock has a market cap of $6.37 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RHP shares. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Raymond James lifted their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in RHP. Principal Financial Group Inc. boosted its position in Ryman Hospitality Properties by 11,548.3% during the 4th quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock worth $77,433,000 after acquiring an additional 697,516 shares during the period. Norges Bank acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at about $57,580,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $21,653,000. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% during the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after acquiring an additional 216,137 shares during the period. Finally, Heitman Real Estate Securities LLC raised its holdings in Ryman Hospitality Properties by 46.0% during the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after purchasing an additional 192,962 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

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.