Fazal F. Merchant Sells 1,269 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $112.20 on Friday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The business has a 50-day moving average price of $108.14 and a 200 day moving average price of $104.08. The company has a market capitalization of $6.72 billion, a P/E ratio of 19.93, a PEG ratio of 1.99 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

Institutional Trading of Ryman Hospitality Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after purchasing an additional 138 shares in the last quarter. Xponance Inc. raised its holdings in Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 162 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 213 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on RHP. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.17.

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.