Ryman Hospitality Properties (NYSE:RHP) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research note issued to investors on Monday.

A number of other equities research analysts have also recently commented on RHP. Raymond James raised their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an overweight rating in a research note on Thursday, March 21st. Finally, Truist Financial upped their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of Moderate Buy and an average price target of $118.00.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $105.26 on Monday. The stock’s 50 day moving average price is $113.02 and its two-hundred day moving average price is $107.94. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.78 and a beta of 1.59. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties has a 52-week low of $79.86 and a 52-week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.18%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC increased its stake in Ryman Hospitality Properties by 98.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock valued at $10,431,000 after buying an additional 47,077 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Ryman Hospitality Properties by 22.8% during the third quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock valued at $6,148,000 after acquiring an additional 13,566 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Ryman Hospitality Properties by 29.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock worth $4,336,000 after acquiring an additional 8,945 shares during the period. Reinhart Partners LLC. boosted its position in Ryman Hospitality Properties by 9.6% in the fourth quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock worth $48,183,000 after purchasing an additional 38,270 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Ryman Hospitality Properties in the 3rd quarter valued at $700,000. Hedge funds and other 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.