Ryman Hospitality Properties Inc (NYSE:RHP) CAO Jennifer L. Hutcheson sold 1,892 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $82.39, for a total transaction of $155,881.88. Following the sale, the chief accounting officer now directly owns 5,818 shares of the company’s stock, valued at approximately $479,345.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ryman Hospitality Properties stock opened at $83.73 on Friday. Ryman Hospitality Properties Inc has a 52-week low of $64.36 and a 52-week high of $90.02. The firm has a market cap of $4.27 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 5.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.90 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.30%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Deutsche Bank upped their target price on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 11th. ValuEngine lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $76.00 target price on shares of Ryman Hospitality Properties in a report on Thursday, November 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of “Buy” and a consensus target price of $91.40.
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Ryman Hospitality Properties Company Profile
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.
Further Reading: What is Net Asset Value (NAV)?
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