Insider Buying: Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Buys $802,851.74 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $98.89 on Friday. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $121.77. The firm’s fifty day simple moving average is $103.27 and its 200-day simple moving average is $106.87. The firm has a market capitalization 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 company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Dividend Announcement

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

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 98 shares in the last quarter. Cetera Investment Advisers raised its stake in Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 125 shares in the last quarter. Arizona State Retirement System raised its stake in Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 132 shares in the last quarter. Avior Wealth Management LLC raised its stake in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RHP shares. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial reiterated a “buy” rating and set a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.

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.