Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $124.20 Average PT from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $124.20.

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company's stock, valued at $80,885,571.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 of the company's stock, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties during the second quarter worth approximately $32,000. Quest Partners LLC raised its holdings in Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 338 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Ryman Hospitality Properties in the first quarter worth approximately $35,000. Finally, GAMMA Investing LLC boosted its stake in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Down 1.8 %

NYSE:RHP traded down $2.00 during mid-day trading on Friday, reaching $109.18. The stock had a trading volume of 456,179 shares, compared to its average volume of 450,678. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. Ryman Hospitality Properties has a 1-year low of $81.90 and a 1-year high of $122.91. The stock's 50 day simple moving average is $105.30 and its two-hundred day simple moving average is $104.19.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.03%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.

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.