Greystone Financial Group LLC Sells 32,681 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Greystone Financial Group LLC reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 88.2% in the second quarter, HoldingsChannel.com reports. The firm owned 4,361 shares of the real estate investment trust’s stock after selling 32,681 shares during the period. Greystone Financial Group LLC’s holdings in Ryman Hospitality Properties were worth $436,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC raised its stake in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 262 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties during the first quarter valued at $35,000. Fidelis Capital Partners LLC purchased a new stake in Ryman Hospitality Properties during the first quarter valued at $103,000. Finally, LRI Investments LLC purchased a new stake in Ryman Hospitality Properties during the first quarter valued at $115,000. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.71.

Ryman Hospitality Properties Trading Up 0.4 %

Shares of NYSE RHP traded up $0.36 during mid-day trading on Friday, reaching $99.29. The company had a trading volume of 323,847 shares, compared to its average volume of 449,896. The business’s 50-day moving average is $100.88 and its 200-day moving average is $106.28. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Haslam purchased 9,972 shares of the stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the acquisition, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

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 seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.