Alvin L. Bowles, Jr. Sells 473 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $98.89 on Friday. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.71 and a beta of 1.67. The business’s fifty day moving average is $103.41 and its 200 day moving average is $106.86. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties’s payout ratio is 104.78%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Ryman Hospitality Properties by 6.4% in the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Ryman Hospitality Properties by 183.1% in the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 443 shares during the last quarter. Raymond James & Associates grew its stake in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock worth $2,754,000 after acquiring an additional 6,563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ryman Hospitality Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 574 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Ryman Hospitality Properties by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock worth $589,000 after acquiring an additional 795 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RHP has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Wells Fargo & Company reduced their target price on 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. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial reissued a “buy” rating and set a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.