Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) Chairman Colin V. Reed sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $96.72, for a total value of $1,450,800.00. Following the sale, the chairman now owns 764,614 shares in the company, valued at $73,953,466.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ryman Hospitality Properties Stock Performance
RHP stock opened at $96.94 on Thursday. Ryman Hospitality Properties, Inc. has a twelve month low of $77.18 and a twelve month high of $98.65. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 7.12. The company has a market cap of $5.79 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.54. The business’s fifty day moving average is $86.12 and its 200-day moving average is $89.56.
Ryman Hospitality Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, September 28th. Ryman Hospitality Properties’s payout ratio is 104.17%.
Hedge Funds Weigh In On Ryman Hospitality Properties
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on RHP shares. Wolfe Research began coverage on Ryman Hospitality Properties in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $98.00 price objective on the stock. StockNews.com initiated coverage on shares of Ryman Hospitality Properties in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating for the company in a report on Monday, August 7th. Finally, Wedbush initiated coverage on Ryman Hospitality Properties in a report on Tuesday, October 3rd. They set an “outperform” rating and a $94.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.29.
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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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