Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed Purchases 13,800 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed purchased 13,800 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ryman Hospitality Properties Trading Up 1.1 %

Shares of RHP stock opened at $106.45 on Wednesday. The company’s fifty day simple moving average is $112.80 and its two-hundred day simple moving average is $108.09. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. 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 capitalization of $6.38 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 91.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RHP shares. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Raymond James lifted their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Ryman Hospitality Properties by 106.7% during the 1st quarter. SG Americas Securities LLC now owns 3,609 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 1,863 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Ryman Hospitality Properties by 71.0% during the 1st quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock valued at $3,169,000 after purchasing an additional 11,384 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at $35,000. Central Pacific Bank Trust Division purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at $1,287,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Ryman Hospitality Properties by 15.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,174 shares of the real estate investment trust’s stock valued at $2,448,000 after purchasing an additional 2,841 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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.