Ryman Hospitality Properties Inc. (RHP) CEO Buys $399,990.00 in Stock
Ryman Hospitality Properties Inc. (NYSE:RHP) CEO Colin V. Reed purchased 8,040 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average cost of $49.75 per share, for a total transaction of $399,990.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ryman Hospitality Properties Inc. (NYSE:RHP) traded up 0.02% during midday trading on Friday, hitting $49.67. The stock had a trading volume of 471,088 shares. The firm has a 50-day moving average of $50.54 and a 200 day moving average of $51.68. Ryman Hospitality Properties Inc. has a 12-month low of $41.50 and a 12-month high of $61.02. The firm has a market cap of $2.51 billion, a PE ratio of 17.87 and a beta of 0.99.
Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, August 2nd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.64. Ryman Hospitality Properties had a return on equity of 39.46% and a net margin of 12.76%. The company had revenue of $293.20 million for the quarter, compared to analyst estimates of $291.26 million. During the same period in the prior year, the firm posted $1.45 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts expect that Ryman Hospitality Properties Inc. will post $2.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 6.04%. The ex-dividend date is Wednesday, September 28th. Ryman Hospitality Properties’s payout ratio is currently 107.91%.
Several research firms recently commented on RHP. Deutsche Bank AG set a $61.00 price target on Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. SunTrust Banks Inc. restated a “neutral” rating on shares of Ryman Hospitality Properties in a report on Sunday, July 24th. Citigroup Inc. lifted their price objective on Ryman Hospitality Properties from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Finally, Bank of America Corp. restated a “hold” rating on shares of Ryman Hospitality Properties in a report on Monday, July 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of “Hold” and a consensus target price of $47.14.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 4.7% in the second quarter. Vanguard Group Inc. now owns 7,749,738 shares of the company’s stock valued at $392,525,000 after buying an additional 349,844 shares during the period. Copeland Capital Management LLC bought a new stake in Ryman Hospitality Properties during the second quarter valued at about $10,517,000. WS Management Lllp increased its stake in Ryman Hospitality Properties by 19.1% in the second quarter. WS Management Lllp now owns 1,198,600 shares of the company’s stock valued at $60,709,000 after buying an additional 192,400 shares during the period. Prudential Financial Inc. increased its stake in Ryman Hospitality Properties by 90.3% in the first quarter. Prudential Financial Inc. now owns 366,799 shares of the company’s stock valued at $18,883,000 after buying an additional 174,010 shares during the period. Finally, Systematic Financial Management LP increased its stake in Ryman Hospitality Properties by 475.6% in the second quarter. Systematic Financial Management LP now owns 197,076 shares of the company’s stock valued at $9,981,000 after buying an additional 162,836 shares during the period. 89.02% of the stock is currently owned by institutional investors.
Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.
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