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Alvin L. Bowles Jr., a director at Ryman Hospitality Properties , Inc. (NYSE:RHP), recently sold 1,300 shares of the company’s common stock. The $6.2 billion hospitality REIT, currently trading at a P/E ratio of 20.6x and offering a 4.6% dividend yield, has shown strong financial performance with a "GREAT" health score according to InvestingPro analysis. The transaction took place on June 10, 2025, at a price of $99.01 per share, totaling $128,713. Following this sale, Bowles holds 2,576 shares directly. The transaction was documented in a Form 4 filing submitted to the Securities and Exchange Commission. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Ryman Hospitality Properties has announced its plan to acquire the JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million. This acquisition will be funded through a mix of $600 million in senior unsecured notes, $250 million in equity, and $15 million of unrestricted cash. The company has launched a public offering of 2,300,000 shares of its common stock, with an option for underwriters to purchase an additional 345,000 shares, to support this acquisition. S&P Global Ratings has upgraded Ryman’s issuer credit rating to ’BB-’ from ’B+’, reflecting confidence in Ryman’s asset diversification and group travel resilience. Additionally, Truist Securities has reiterated a Buy rating with a $127 price target, noting the acquisition’s potential positive impact on Ryman’s adjusted funds from operations per share by 2026. The Desert Ridge hotel is expected to enhance Ryman’s portfolio with geographic and seasonal diversity. Despite macroeconomic uncertainties, Ryman’s operating performance remains strong, with a notable increase in RevPAR and total RevPAR in the first quarter of 2025. The acquisition is expected to close in the second or third quarter of 2025, pending customary closing conditions.
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