Ryman Hospitality Properties, Inc. (NYSE:RHP) CEO Colin V. Reed sold 30,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total value of $1,903,200.00. Following the sale, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at approximately $6,466,439.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Ryman Hospitality Properties, Inc. (NYSE RHP) traded up 0.47% during midday trading on Wednesday, hitting $63.56. The stock had a trading volume of 221,230 shares. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 19.68 and a beta of 1.16. Ryman Hospitality Properties, Inc. has a 1-year low of $47.31 and a 1-year high of $67.97. The firm has a 50-day moving average price of $64.73 and a 200-day moving average price of $63.30.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.54. The business had revenue of $276.04 million for the quarter, compared to analyst estimates of $270.82 million. Ryman Hospitality Properties had a return on equity of 46.25% and a net margin of 14.23%. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post $3.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.03%. The ex-dividend date was Thursday, June 15th. Ryman Hospitality Properties’s payout ratio is 99.07%.
A number of equities research analysts have issued reports on RHP shares. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, May 4th. BidaskClub raised Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, UBS AG downgraded Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $61.50.
A number of institutional investors have recently bought and sold shares of RHP. Ladenburg Thalmann Financial Services Inc. increased its position in Ryman Hospitality Properties by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,140 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 27 shares during the last quarter. James Investment Research Inc. acquired a new position in Ryman Hospitality Properties during the first quarter valued at approximately $141,000. Creative Planning increased its position in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares during the last quarter. 89.00% of the stock is currently owned by hedge funds and other institutional investors.
Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.
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