StockNews.com Lowers Ryman Hospitality Properties (NYSE:RHP) to Sell

StockNews.com downgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other research firms have also recently weighed in on RHP. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $118.29.

Ryman Hospitality Properties Stock Up 1.8 %

Shares of RHP opened at $101.75 on Wednesday. Ryman Hospitality Properties has a one year low of $79.86 and a one year high of $122.91. The company has a market cap of $6.09 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.09 and a beta of 1.64. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $101.24 and a two-hundred day simple moving average of $108.65.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.10 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.32%. Ryman Hospitality Properties’s dividend payout ratio is 91.10%.

Insider Buying and Selling

In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Haslam purchased 9,972 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the transaction, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently bought and sold shares of RHP. GAMMA Investing LLC bought a new stake in Ryman Hospitality Properties during the fourth quarter valued at $27,000. Fifth Third Bancorp boosted its position in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Parallel Advisors LLC boosted its position in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 262 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $35,000. Finally, Signaturefd LLC raised its holdings in shares of Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 275 shares during the period. Institutional investors own 94.48% of the company’s stock.

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.