Alvin L. Bowles, Jr. Sells 473 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded up $0.20 during midday trading on Thursday, reaching $96.97. The stock had a trading volume of 232,151 shares, compared to its average volume of 474,400. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a fifty day simple moving average of $103.57 and a two-hundred day simple moving average of $106.93. The stock has a market cap of $5.81 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.74%. Ryman Hospitality Properties’s payout ratio is 104.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RHP. Quantinno Capital Management LP boosted its stake in Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 98 shares during the period. Cetera Investment Advisers lifted its stake in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 125 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after purchasing an additional 132 shares during the period. Avior Wealth Management LLC increased its position in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the period. Finally, Tidal Investments LLC grew its position in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RHP shares. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, February 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.67.

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.