Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. Sells 473 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryman Hospitality Properties Trading Down 0.0 %

Shares of Ryman Hospitality Properties stock opened at $96.73 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $121.77. The company’s 50-day simple moving average is $103.57 and its 200-day simple moving average is $106.93. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. 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 posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of research firms have recently commented on RHP. Truist Financial reiterated a “buy” rating and set a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday. BMO Capital Markets initiated 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 initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.67.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently made changes to their positions in RHP. Creative Planning grew its position in Ryman Hospitality Properties by 6.4% during the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 323 shares during the period. Blue Trust Inc. boosted its stake in shares of Ryman Hospitality Properties by 183.1% during the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 443 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Ryman Hospitality Properties by 34.3% in the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock worth $2,754,000 after acquiring an additional 6,563 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Ryman Hospitality Properties by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 574 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Ryman Hospitality Properties by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $589,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.