Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells $96,588.00 in Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded up $0.78 during mid-day trading on Friday, hitting $109.69. The stock had a trading volume of 409,180 shares, compared to its average volume of 447,402. The company has a 50 day simple moving average of $101.46 and a 200-day simple moving average of $105.11. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.11 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 91.10%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RHP shares. Truist Financial decreased 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. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Ryman Hospitality Properties by 194.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after buying an additional 1,466,220 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ryman Hospitality Properties by 264.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after acquiring an additional 870,081 shares in the last quarter. Norges Bank bought a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $57,580,000. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock valued at $979,248,000 after acquiring an additional 226,547 shares during the period. Finally, Heitman Real Estate Securities LLC increased its position in shares of Ryman Hospitality Properties by 46.0% during the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock valued at $67,356,000 after purchasing an additional 192,962 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.