Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ryman Hospitality Properties Price Performance
NYSE RHP opened at $113.35 on Thursday. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The firm has a market capitalization of $6.79 billion, a PE ratio of 20.13, a P/E/G ratio of 2.00 and a beta of 1.65. The company's 50 day simple moving average is $108.14 and its 200 day simple moving average is $104.08. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.
Ryman Hospitality Properties Increases Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio is 78.15%.
Hedge Funds Weigh In On Ryman Hospitality Properties
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its position 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 worth $28,000 after purchasing an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties during the second quarter valued at $32,000. Quest Partners LLC grew its holdings in shares of 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 valued at $34,000 after buying an additional 338 shares in the last quarter. GAMMA Investing LLC raised its position in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 103 shares during the period. Finally, Avior Wealth Management LLC boosted its position in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 137 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.
Analyst Upgrades and Downgrades
RHP has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average target price of $125.17.
Get Our Latest Stock Analysis on RHP
Ryman Hospitality Properties Company Profile
(
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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