Ryman Hospitality Properties (NYSE:RHP) Downgraded by StockNews.com

StockNews.com downgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research report released on Wednesday morning.

RHP has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating for the company in a research note on Thursday, May 9th. Truist Financial lowered their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $118.29.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $101.75 on Wednesday. The stock’s 50-day moving average is $101.24 and its 200-day moving average is $108.63. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.64. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.32%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William E. Haslam bought 9,972 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, with a total value of $999,992.16. Following the transaction, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently made changes to their positions in RHP. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 121.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,615 shares of the real estate investment trust’s stock valued at $1,160,000 after acquiring an additional 6,360 shares in the last quarter. Bailard Inc. bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at $659,000. Bank of New York Mellon Corp raised its stake in Ryman Hospitality Properties by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 526,879 shares of the real estate investment trust’s stock valued at $52,614,000 after acquiring an additional 13,953 shares in the last quarter. Retirement Systems of Alabama bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at $4,983,000. Finally, Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares in the last quarter. 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.