Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $128,713.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director now directly owns 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ryman Hospitality Properties Stock Down 3.4%

Shares of NYSE RHP opened at $94.80 on Friday. The company has a market capitalization of $5.69 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 2.71 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company’s 50 day moving average price is $92.68 and its 200-day moving average price is $99.22.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.85%. Ryman Hospitality Properties’s payout ratio is presently 97.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RHP. Nuveen LLC acquired a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at $67,901,000. Cooke & Bieler LP acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $74,811,000. Vanguard Group Inc. lifted its position in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock valued at $813,748,000 after acquiring an additional 603,936 shares during the period. Janus Henderson Group PLC lifted its position in shares of Ryman Hospitality Properties by 946.6% during the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust’s stock valued at $52,455,000 after acquiring an additional 454,922 shares during the period. Finally, Norges Bank acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $29,448,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RHP. Wells Fargo & Company reissued an “overweight” rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Finally, Jefferies Financial Group reduced their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

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.