Ryman Hospitality Properties (NYSE:RHP) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a report issued on Monday morning.

Several other equities research analysts also recently weighed in on RHP. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an overweight rating in a report on Thursday, March 21st. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a buy rating in a report on Thursday, March 14th. Finally, Raymond James boosted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an outperform rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $118.00.

Ryman Hospitality Properties Stock Up 0.8 %

RHP opened at $105.26 on Monday. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The stock’s 50 day moving average price is $113.02 and its 200 day moving average price is $107.94. The stock has a market cap of $6.30 billion, a P/E ratio of 21.79, a P/E/G ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Announces Dividend

The firm 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 of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.18%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RHP. Raymond James Financial Services Advisors Inc. boosted its stake in Ryman Hospitality Properties by 3.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,630 shares of the real estate investment trust’s stock worth $3,217,000 after purchasing an additional 1,170 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ryman Hospitality Properties by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 514,663 shares of the real estate investment trust’s stock worth $42,861,000 after buying an additional 38,268 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Ryman Hospitality Properties by 7.2% during the third quarter. New York State Teachers Retirement System now owns 5,133 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 345 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ryman Hospitality Properties by 12.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,934 shares of the real estate investment trust’s stock valued at $1,910,000 after buying an additional 2,599 shares during the period. Finally, Strs Ohio lifted its stake in Ryman Hospitality Properties by 1.7% in the 3rd quarter. Strs Ohio now owns 97,724 shares of the real estate investment trust’s stock worth $8,138,000 after acquiring an additional 1,600 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

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.