Insider Buying: Ryman Hospitality Properties, Inc. (NYSE:RHP) Chairman Purchases 13,800 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Chairman Colin V. Reed bought 13,800 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $1.19 during midday trading on Tuesday, reaching $106.45. 813,703 shares of the company traded hands, compared to its average volume of 442,166. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The stock's 50-day simple moving average is $112.80 and its 200-day simple moving average is $108.09. The firm has a market cap of $6.38 billion, a PE ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 4.13%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent research reports. Truist Financial lifted their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. StockNews.com lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Monday. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $27,000. Parallel Advisors LLC raised its position in Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 262 shares during the last quarter. Larson Financial Group LLC bought a new position in Ryman Hospitality Properties in the 1st quarter valued at $35,000. Signaturefd LLC boosted its position in Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 275 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at $103,000. 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.