Stock Traders Purchase High Volume of Call Options on Ryman Hospitality Properties (NYSE:RHP)
Ryman Hospitality Properties, Inc. (NYSE:RHP) saw some unusual options trading on Tuesday. Traders bought 516 call options on the company. This represents an increase of approximately 892% compared to the average volume of 52 call options.
A number of brokerages have issued reports on RHP. Raymond James lowered Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 12th. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Ryman Hospitality Properties from $44.00 to $72.00 in a report on Tuesday, December 15th. Truist boosted their price target on shares of Ryman Hospitality Properties from $47.00 to $50.00 in a research note on Thursday, March 18th. Finally, Smith Barney Citigroup increased their price target on shares of Ryman Hospitality Properties from $44.00 to $72.00 in a research report on Tuesday, December 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.70.
Shares of Ryman Hospitality Properties stock opened at $77.61 on Thursday. The business has a 50-day simple moving average of $79.14 and a 200-day simple moving average of $62.39. The company has a market cap of $4.27 billion, a PE ratio of -14.64 and a beta of 1.79. Ryman Hospitality Properties has a one year low of $22.01 and a one year high of $86.58. The company has a debt-to-equity ratio of 9.01, a quick ratio of 0.99 and a current ratio of 0.99.
In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,337 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $83.41, for a total transaction of $111,519.17. Also, EVP Scott J. Lynn sold 2,500 shares of Ryman Hospitality Properties stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $83.98, for a total transaction of $209,950.00. Following the sale, the executive vice president now owns 13,177 shares of the company’s stock, valued at $1,106,604.46. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of RHP. Perry Creek Capital LP acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $83,538,000. Norges Bank acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $45,305,000. Brandywine Global Investment Management LLC increased its stake in Ryman Hospitality Properties by 956.4% in the fourth quarter. Brandywine Global Investment Management LLC now owns 662,195 shares of the real estate investment trust’s stock valued at $44,870,000 after purchasing an additional 599,508 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ryman Hospitality Properties by 1,400.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 597,855 shares of the real estate investment trust’s stock valued at $40,511,000 after purchasing an additional 558,015 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Ryman Hospitality Properties by 6.5% during the fourth quarter. BlackRock Inc. now owns 5,137,996 shares of the real estate investment trust’s stock worth $348,150,000 after purchasing an additional 313,391 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.
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 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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