2,000 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Western Wealth Management LLC

Western Wealth Management LLC purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,000 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Ryman Hospitality Properties by 15.5% in the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares in the last quarter. TIAA Trust National Association bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $220,000. Silverleafe Capital Partners LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $248,000. Custom Index Systems LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $283,000. Finally, Metis Global Partners LLC raised its position in shares of Ryman Hospitality Properties by 11.1% in the 3rd quarter. Metis Global Partners LLC now owns 3,501 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 351 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $106.51 on Tuesday. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The stock’s 50 day moving average price is $115.17 and its 200-day moving average price is $106.46. The company has a market capitalization of $6.38 billion, a PE ratio of 20.56, a PEG ratio of 0.73 and a beta of 1.57. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. Ryman Hospitality Properties’s payout ratio is presently 84.94%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RHP shares. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Truist Financial boosted their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Raymond James boosted their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.