Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Monument Capital Management

Monument Capital Management trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,025 shares of the real estate investment trust’s stock after selling 111 shares during the period. Monument Capital Management’s holdings in Ryman Hospitality Properties were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of RHP. GAMMA Investing LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $27,000. Parallel Advisors LLC grew its holdings in shares of Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 262 shares during the period. Signaturefd LLC increased its stake in Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 275 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $213,000. Finally, Schnieders Capital Management LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter worth $216,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William E. Haslam purchased 9,972 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryman Hospitality Properties news, Director William E. Haslam acquired 9,972 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $100.28 per share, with a total value of $999,992.16. Following the completion of the transaction, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total transaction of $157,956.54. Following the transaction, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.7 %

RHP stock opened at $98.75 on Thursday. The company has a 50 day moving average price of $102.81 and a two-hundred day moving average price of $109.75. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $5.91 billion, a P/E ratio of 20.45, a PEG ratio of 2.06 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Truist Financial cut their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.29.

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.