Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $96,588.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ryman Hospitality Properties Stock Up 0.8 %

RHP opened at $109.77 on Monday. 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’s fifty day simple moving average is $101.63 and its 200 day simple moving average is $104.87. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The stock has a market cap of $6.57 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Truist Financial lowered their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.14.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $87,305,000 after buying an additional 11,490 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $213,000. Norges Bank bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $57,580,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $487,000. Finally, PNC Financial Services Group Inc. increased its stake in Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 94.48% 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.