Ryman Hospitality Properties (NYSE:RHP) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research note released on Thursday.

RHP has been the subject of a number of other reports. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating for the company in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of Moderate Buy and an average price target of $118.71.

Ryman Hospitality Properties Trading Down 3.6 %

Shares of RHP stock opened at $99.60 on Thursday. Ryman Hospitality Properties has a 12-month low of $79.86 and a 12-month high of $122.91. The company has a market capitalization of $5.97 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.08 and a beta of 1.64. The firm has a 50-day moving average price of $100.96 and a 200 day moving average price of $108.27. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the acquisition, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RHP. Principal Financial Group Inc. lifted its position in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after purchasing an additional 1,466,220 shares in the last quarter. Norges Bank bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth $57,580,000. Vanguard Group Inc. lifted its position in shares of Ryman Hospitality Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after purchasing an additional 226,547 shares in the last quarter. Heitman Real Estate Securities LLC lifted its position in shares of Ryman Hospitality Properties by 46.0% in the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after purchasing an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the first quarter worth $11,574,000. Institutional investors and hedge funds 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.