Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Acquires $1,468,320.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed acquired 13,800 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the transaction, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction 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 Ryman Hospitality Properties stock traded up $1.16 during trading on Tuesday, reaching $106.42. 813,687 shares of the company were exchanged, compared to its average volume of 442,166. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 0.78 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The business has a 50-day moving average price of $113.02 and a 200-day moving average price of $107.94. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90.

Ryman Hospitality Properties Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently bought and sold shares of RHP. SG Americas Securities LLC increased its position in shares of Ryman Hospitality Properties by 106.7% in 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 buying an additional 1,863 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Ryman Hospitality Properties by 71.0% during the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock worth $3,169,000 after purchasing an additional 11,384 shares during the period. Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at about $35,000. Central Pacific Bank Trust Division acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $1,287,000. Finally, Daiwa Securities Group Inc. increased its stake in 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 worth $2,448,000 after purchasing an additional 2,841 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.