Insider Buying: Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Purchases 8,356 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Chairman Colin V. Reed purchased 8,356 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now owns 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ryman Hospitality Properties Trading Down 0.6%

Shares of NYSE RHP traded down $0.62 during midday trading on Thursday, reaching $98.00. The stock had a trading volume of 521,603 shares, compared to its average volume of 655,512. The company's 50 day moving average price is $92.02 and its 200 day moving average price is $99.51. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same quarter in the previous year, the business earned $1.60 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.69%. Ryman Hospitality Properties's payout ratio is 97.46%.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its holdings in shares of Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares in the last quarter. Norinchukin Bank The boosted its stake in Ryman Hospitality Properties by 4.5% during the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 120 shares in the last quarter. Cetera Investment Advisers boosted its stake in Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after acquiring an additional 125 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares during the period. Finally, Arizona State Retirement System increased its stake in Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after purchasing an additional 132 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Evercore ISI cut their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Truist Financial decreased their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $112.00.

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.