Colin Reed Purchases 8,993 Shares of Ryman Hospitality Properties (NYSE:RHP) Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin Reed bought 8,993 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the acquisition, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. The trade was a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ryman Hospitality Properties Stock Up 1.4%

NYSE RHP traded up $1.30 during trading on Monday, reaching $95.09. 231,084 shares of the company’s stock were exchanged, compared to its average volume of 756,818. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The stock has a market cap of $5.99 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50 day moving average price of $92.56 and a two-hundred day moving average price of $95.58.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. Ryman Hospitality Properties’s dividend payout ratio is presently 121.69%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Ryman Hospitality Properties by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 644,450 shares of the real estate investment trust’s stock worth $58,929,000 after acquiring an additional 85,307 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock worth $6,753,000 after purchasing an additional 8,261 shares in the last quarter. Brown Advisory Inc. raised its stake in Ryman Hospitality Properties by 6.5% in the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 153 shares during the last quarter. M&T Bank Corp raised its stake in Ryman Hospitality Properties by 3.7% in the 1st quarter. M&T Bank Corp now owns 6,813 shares of the real estate investment trust’s stock valued at $623,000 after purchasing an additional 240 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Ryman Hospitality Properties by 11.2% in the 1st quarter. Cerity Partners LLC now owns 9,050 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

RHP has been the topic of a number of recent research reports. Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 target price on the stock. Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective on the stock. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.40.

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.