Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction dated 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 acquisition, the chairman now 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 %
NYSE RHP opened at $106.45 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm has a market cap of $6.38 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. The company has a 50 day moving average price of $112.80 and a 200 day moving average price of $108.09. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91.
Ryman Hospitality Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.
Analyst Upgrades and Downgrades
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RHP has been the subject of several recent research reports. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, March 14th. StockNews.com lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Monday. Raymond James boosted their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.
Get Our Latest Analysis on RHP
Institutional Trading of Ryman Hospitality Properties
Several large investors have recently bought and sold shares of RHP. Raymond James Financial Services Advisors Inc. grew its position in Ryman Hospitality Properties by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,630 shares of the real estate investment trust's stock worth $3,217,000 after purchasing an additional 1,170 shares during the last quarter. Bank of New York Mellon Corp grew its position in Ryman Hospitality Properties by 8.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 514,663 shares of the real estate investment trust's stock worth $42,861,000 after purchasing an additional 38,268 shares during the last quarter. New York State Teachers Retirement System grew its position in Ryman Hospitality Properties by 7.2% during the 3rd quarter. New York State Teachers Retirement System now owns 5,133 shares of the real estate investment trust's stock worth $427,000 after purchasing an additional 345 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ryman Hospitality Properties by 12.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,934 shares of the real estate investment trust's stock worth $1,910,000 after purchasing an additional 2,599 shares during the last quarter. Finally, Strs Ohio grew its position in Ryman Hospitality Properties by 1.7% during the 3rd quarter. Strs Ohio now owns 97,724 shares of the real estate investment trust's stock worth $8,138,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.
About Ryman Hospitality Properties
(
Get Free Report)
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.
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