Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Colin V. Reed Acquires 8,231 Shares

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryman Hospitality Properties Trading Down 0.7 %

Shares of Ryman Hospitality Properties stock traded down $0.73 during trading on Monday, reaching $98.16. 587,955 shares of the company were exchanged, compared to its average volume of 455,827. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $121.77. The business has a 50-day moving average price of $103.27 and a 200-day moving average price of $106.97. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

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Ryman Hospitality Properties Dividend Announcement

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

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after buying an additional 101,333 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock worth $156,427,000 after acquiring an additional 12,323 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Ryman Hospitality Properties by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after purchasing an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 14,861 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Ryman Hospitality Properties by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock valued at $97,737,000 after purchasing an additional 5,807 shares during the period. 94.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on RHP shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target for the company. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus target price of $125.67.

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.