Ryman Hospitality Properties Inc. (NYSE:RHP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

RHP has been the subject of a number of other research reports. SunTrust Banks Inc. reaffirmed a “neutral” rating on shares of Ryman Hospitality Properties in a research report on Sunday, July 24th. Bank of America Corp. reiterated a “hold” rating on shares of Ryman Hospitality Properties in a research note on Monday, July 18th. Deutsche Bank AG set a $61.00 target price on Ryman Hospitality Properties and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Citigroup Inc. increased their target price on Ryman Hospitality Properties from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Finally, Raymond James Financial Inc. upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.71.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

Shares of Ryman Hospitality Properties (NYSE:RHP) opened at 53.74 on Wednesday. The firm has a 50-day moving average price of $49.95 and a 200-day moving average price of $51.65. The firm has a market cap of $2.71 billion, a PE ratio of 18.40 and a beta of 0.78. Ryman Hospitality Properties has a 52 week low of $41.50 and a 52 week high of $56.77.

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $0.75 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.58%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 102.74%.

In related news, SVP Jennifer L. Hutcheson sold 1,502 shares of Ryman Hospitality Properties stock in a transaction on Monday, November 7th. The stock was sold at an average price of $52.84, for a total transaction of $79,365.68. Following the transaction, the senior vice president now directly owns 10,590 shares in the company, valued at $559,575.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Colin V. Reed bought 8,040 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average price of $49.75 per share, for a total transaction of $399,990.00. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in RHP. Aperio Group LLC increased its position in Ryman Hospitality Properties by 20.5% in the first quarter. Aperio Group LLC now owns 7,617 shares of the company’s stock valued at $392,000 after buying an additional 1,296 shares during the period. State Street Corp increased its position in Ryman Hospitality Properties by 2.6% in the first quarter. State Street Corp now owns 841,431 shares of the company’s stock valued at $43,316,000 after buying an additional 21,721 shares during the period. Goldman Sachs Group Inc. increased its position in Ryman Hospitality Properties by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 94,528 shares of the company’s stock valued at $4,866,000 after buying an additional 7,588 shares during the period. Loomis Sayles & Co. L P increased its position in Ryman Hospitality Properties by 33.5% in the first quarter. Loomis Sayles & Co. L P now owns 11,389 shares of the company’s stock valued at $586,000 after buying an additional 2,859 shares during the period. Finally, Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 3.8% in the first quarter. Geode Capital Management LLC now owns 416,149 shares of the company’s stock valued at $21,423,000 after buying an additional 15,092 shares during the period. Institutional investors own 89.61% of the company’s stock.

Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.

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