Colin V. Reed Buys 13,800 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the transaction, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryman Hospitality Properties Stock Down 2.2 %

Shares of NYSE RHP opened at $104.07 on Thursday. The firm has a fifty day simple moving average of $112.48 and a two-hundred day simple moving average of $108.06. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm has a market capitalization of $6.23 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s payout ratio is currently 91.10%.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. Raymond James raised their target price 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 price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of RHP. Vanguard Group Inc. grew its stake in Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after purchasing an additional 216,137 shares during the period. FMR LLC lifted its holdings in shares of Ryman Hospitality Properties by 2.9% during the third quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after purchasing an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryman Hospitality Properties by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock valued at $142,669,000 after buying an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ryman Hospitality Properties by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after buying an additional 62,322 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Ryman Hospitality Properties by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock worth $87,305,000 after buying an additional 11,490 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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.