Ryman Hospitality Properties, Inc. (RHP) CEO Colin V. Reed Acquires 10,000 Shares of Stock

Ryman Hospitality Properties, Inc. (NYSE:RHP) CEO Colin V. Reed bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $66.15 per share, with a total value of $661,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Colin V. Reed also recently made the following trade(s):

  • On Monday, November 13th, Colin V. Reed bought 20,000 shares of Ryman Hospitality Properties stock. The shares were acquired at an average cost of $65.98 per share, with a total value of $1,319,600.00.

Ryman Hospitality Properties, Inc. (NYSE:RHP) traded down $0.39 during mid-day trading on Wednesday, hitting $65.59. 194,500 shares of the stock were exchanged, compared to its average volume of 245,575. Ryman Hospitality Properties, Inc. has a twelve month low of $54.66 and a twelve month high of $67.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $3,377.93, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.40 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.38. The firm had revenue of $264.70 million for the quarter, compared to analyst estimates of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. equities research analysts predict that Ryman Hospitality Properties, Inc. will post 5.47 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Deutsche Bank AG restated a “buy” rating and set a $70.00 price target (down previously from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.60.

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in Ryman Hospitality Properties by 3.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 181,748 shares of the real estate investment trust’s stock valued at $11,634,000 after buying an additional 6,544 shares during the period. State Street Corp increased its stake in Ryman Hospitality Properties by 2.7% in the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock valued at $105,251,000 after buying an additional 43,334 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Ryman Hospitality Properties by 9.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock valued at $38,669,000 after buying an additional 50,829 shares during the period. Neuberger Berman Group LLC increased its stake in Ryman Hospitality Properties by 14.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock valued at $10,121,000 after buying an additional 19,474 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in Ryman Hospitality Properties by 1.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.72% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Insider Buying and Selling by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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