Ryman Hospitality Properties Inc. (RHP) CEO Colin V. Reed Purchases 8,040 Shares

Ryman Hospitality Properties Inc. (NYSE:RHP) CEO Colin V. Reed bought 8,040 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, October 14th. The stock was purchased at an average cost of $49.75 per share, with a total value of $399,990.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryman Hospitality Properties Inc. (NYSE:RHP) opened at 49.67 on Monday. The company has a market capitalization of $2.51 billion, a P/E ratio of 17.87 and a beta of 0.99. The stock’s 50 day moving average price is $50.40 and its 200-day moving average price is $51.67. Ryman Hospitality Properties Inc. has a 52-week low of $41.50 and a 52-week high of $61.02.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 2nd. The company reported $1.59 EPS for the quarter, topping the Zacks’ 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 firm earned $293.20 million during the quarter, compared to the consensus estimate of $291.26 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Ryman Hospitality Properties Inc. will post $2.92 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend was Wednesday, September 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 107.91%.

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Ryman Hospitality Properties by 6,633.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,222 shares of the company’s stock worth $113,000 after buying an additional 2,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ryman Hospitality Properties by 7.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,383 shares of the company’s stock worth $121,000 after buying an additional 164 shares during the period. Paradigm Asset Management Co. LLC increased its stake in Ryman Hospitality Properties by 4.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock worth $122,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System purchased a new stake in Ryman Hospitality Properties during the second quarter worth approximately $127,000. Finally, Acrospire Investment Management LLC increased its stake in Ryman Hospitality Properties by 157.2% in the second quarter. Acrospire Investment Management LLC now owns 2,618 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares during the period. 89.02% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on RHP shares. Deutsche Bank AG reissued a “buy” rating and issued a $62.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 27th. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Bank of America Corp. reissued a “hold” rating on shares of Ryman Hospitality Properties in a report on Monday, July 18th. SunTrust Banks Inc. reissued a “neutral” rating on shares of Ryman Hospitality Properties in a report on Sunday, July 24th. Finally, Citigroup Inc. increased their target price on shares of Ryman Hospitality Properties from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.14.

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

5 Day Chart for NYSE:RHP

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