Ryman Hospitality Properties, Inc. (RHP) To Go Ex-Dividend on September 29th

Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) announced a — dividend on Wednesday, September 7th, Wall Street Journal reports. Shareholders of record on Friday, September 30th will be given a dividend of 0.10 per share by the real estate investment trust on Monday, October 17th. The ex-dividend date of this dividend is Thursday, September 29th.

Ryman Hospitality Properties Trading Down 1.0 %

Ryman Hospitality Properties stock opened at $85.00 on Friday. Ryman Hospitality Properties has a one year low of $70.46 and a one year high of $101.19. The stock has a market cap of $4.69 billion, a PE ratio of 447.37 and a beta of 1.58. The company has a debt-to-equity ratio of 459.48, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50-day moving average of $84.16 and a two-hundred day moving average of $87.09.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last announced its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $470.20 million during the quarter, compared to analysts’ expectations of $427.99 million. Ryman Hospitality Properties had a negative return on equity of 55.38% and a net margin of 0.77%. The company’s revenue for the quarter was up 175.2% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. On average, research analysts anticipate that Ryman Hospitality Properties will post 6.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup raised their target price on Ryman Hospitality Properties to $110.00 in a report on Monday, August 22nd. TheStreet raised Ryman Hospitality Properties from a “d+” rating to a “c” rating in a report on Tuesday, August 2nd. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $107.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, August 29th. Truist Financial raised Ryman Hospitality Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $95.00 to $103.00 in a report on Wednesday. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $108.00.

Insider Activity

In related news, Director Christine Pantoya sold 400 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $94.02, for a total transaction of $37,608.00. Following the transaction, the director now owns 4,973 shares in the company, valued at $467,561.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Ryman Hospitality Properties news, Director Rachna Bhasin sold 4,810 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $92.53, for a total value of $445,069.30. Following the sale, the director now owns 4,585 shares in the company, valued at $424,250.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Pantoya sold 400 shares of Ryman Hospitality Properties stock in a transaction on Monday, August 15th. The shares were sold at an average price of $94.02, for a total value of $37,608.00. Following the completion of the sale, the director now owns 4,973 shares in the company, valued at approximately $467,561.46. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 14.6% in the first quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock valued at $244,947,000 after buying an additional 336,493 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ryman Hospitality Properties by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock valued at $192,155,000 after buying an additional 287,880 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Ryman Hospitality Properties by 11.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 421,772 shares of the real estate investment trust’s stock valued at $32,067,000 after buying an additional 44,911 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 785,513 shares of the real estate investment trust’s stock valued at $72,873,000 after buying an additional 17,647 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $1,295,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

About Ryman Hospitality Properties

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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Dividend History for Ryman Hospitality Properties (NYSE:RHP)

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