Ryman Hospitality Properties Inc (NYSE:RHP) CEO Colin V. Reed purchased 6,106 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $82.46 per share, for a total transaction of $503,500.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE RHP opened at $82.72 on Tuesday. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.23 and a current ratio of 1.23. Ryman Hospitality Properties Inc has a 12-month low of $64.36 and a 12-month high of $90.02. The company has a market capitalization of $4.45 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35.
Get Ryman Hospitality Properties alerts:The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.35%.
RHP has been the topic of a number of research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $76.00 price target on shares of Ryman Hospitality Properties in a research note on Thursday, November 22nd. Raymond James upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Finally, Deutsche Bank lifted their price objective on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ryman Hospitality Properties currently has a consensus rating of “Buy” and a consensus target price of $91.40.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P raised its holdings in shares of Ryman Hospitality Properties by 0.3% in the third quarter. Martingale Asset Management L P now owns 78,324 shares of the real estate investment trust’s stock valued at $6,750,000 after purchasing an additional 197 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 18.8% in the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 273 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ryman Hospitality Properties by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 14,597 shares of the real estate investment trust’s stock valued at $972,000 after purchasing an additional 278 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 300 shares during the last quarter. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $25,000. Institutional investors own 87.70% of the company’s stock.
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About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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