Insider Selling: Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Sells 1,300 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director now directly owns 2,576 shares in the company, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryman Hospitality Properties Stock Down 1.5%

NYSE RHP traded down $1.54 during trading on Wednesday, reaching $98.56. 629,291 shares of the company's stock were exchanged, compared to its average volume of 656,048. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The firm has a market capitalization of $5.91 billion, a PE ratio of 22.45, a P/E/G ratio of 2.71 and a beta of 1.58. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company's fifty day simple moving average is $92.02 and its 200-day simple moving average is $99.51.

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

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's payout ratio is 97.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI decreased their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average target price of $112.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RHP. Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $31,000. Fifth Third Bancorp raised its position in shares of Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares during the last quarter. CWM LLC raised its position in shares of Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at about $72,000. 94.48% of the stock is 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.