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

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ryman Hospitality Properties Price Performance

RHP stock traded up $0.20 during trading on Thursday, hitting $96.97. The stock had a trading volume of 232,151 shares, compared to its average volume of 474,400. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $121.77. The company’s 50 day moving average price is $103.57 and its two-hundred day moving average price is $106.93.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share 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%. On average, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.74%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Institutional Trading of Ryman Hospitality Properties

A number of large investors have recently modified their holdings of the company. Citigroup Inc. boosted its holdings in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after acquiring an additional 22,871 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after buying an additional 1,029 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $741,000. Quantinno Capital Management LP purchased a new position in Ryman Hospitality Properties during the third quarter valued at approximately $488,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after acquiring an additional 101,333 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Truist Financial restated a “buy” rating and issued a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.67.

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.