Colin V. Reed Acquires 8,231 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

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 shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $98.89 on Friday. The company has a market capitalization of $5.92 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77. The firm’s 50 day moving average is $103.41 and its 200-day moving average is $106.86. 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 released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced 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. This represents a $4.60 annualized dividend and a yield of 4.65%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Avior Wealth Management LLC raised its position in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 218 shares during the last quarter. Finally, Blue Trust Inc. increased its position 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 valued at $68,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

RHP has been the subject of several recent research reports. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. Wells Fargo & Company reduced 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. Truist Financial restated a “buy” rating and issued a $133.00 price objective (down previously from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.

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.