Insider Selling: Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells 473 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ryman Hospitality Properties Stock Performance

RHP traded down $0.73 during mid-day trading on Monday, reaching $98.16. 587,955 shares of the company traded hands, compared to its average volume of 455,827. The company's fifty day moving average price is $103.27 and its 200-day moving average price is $106.97. The stock has a market capitalization of $5.88 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.71 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Remove Ads

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Analysts Set New Price Targets

Several research analysts have issued reports on RHP shares. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price for the company. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday. Truist Financial reissued a "buy" rating and issued a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.67.

Institutional Trading of Ryman Hospitality Properties

Several large investors have recently added to or reduced their stakes in RHP. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after acquiring an additional 931,283 shares during the period. Cooke & Bieler LP bought a new position in Ryman Hospitality Properties in the 4th quarter worth $74,811,000. Hamlin Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ryman Hospitality Properties by 483.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock valued at $65,391,000 after purchasing an additional 505,207 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Ryman Hospitality Properties by 946.6% during the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after purchasing an additional 454,922 shares during the period. 94.48% of the stock is currently owned by institutional investors.

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.