Colin Reed Buys 8,993 Shares of Ryman Hospitality Properties (NYSE:RHP) Stock
Colin Reed, Chairman of Ryman Hospitality Properties, purchased 8,993 shares of the company's stock at an average price of $92.16, totaling $828,794.88. This acquisition increased his ownership by 1.02%, bringing his total shares to 888,010, valued at approximately $81.84 million. The company recently reported earnings of $1.63 per share, exceeding estimates, and announced a quarterly dividend of $1.15. Ryman Hospitality's stock is currently trading at $95.09, with a market cap of $5.99 billion and a dividend yield of 4.8%.
Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Chairman Colin Reed acquired 8,993 shares of the business's stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman owned 888,010 shares of the company's stock, valued at approximately $81,839,001.60. This represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Ryman Hospitality Properties Price Performance
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Ryman Hospitality Properties stock traded up $1.30 during mid-day trading on Monday, reaching $95.09. 231,084 shares of the company's stock traded hands, compared to its average volume of 756,818. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a 50 day moving average of $92.56 and a two-hundred day moving average of $95.58. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.60 and a beta of 1.60.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm had revenue of $592.46 million during the quarter, compared to analysts' expectations of $573.40 million. During the same quarter in the previous year, the business earned $1.93 EPS. The company's quarterly revenue was up 7.7% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.
Ryman Hospitality Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 4.8%. Ryman Hospitality Properties's dividend payout ratio is 121.69%.
Institutional Investors Weigh In On Ryman Hospitality Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in Ryman Hospitality Properties by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 644,450 shares of the real estate investment trust's stock valued at $58,929,000 after acquiring an additional 85,307 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Ryman Hospitality Properties by 12.6% during the first quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock valued at $6,753,000 after acquiring an additional 8,261 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Ryman Hospitality Properties by 6.5% in the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 153 shares during the period. M&T Bank Corp boosted its position in shares of Ryman Hospitality Properties by 3.7% during the 1st quarter. M&T Bank Corp now owns 6,813 shares of the real estate investment trust's stock worth $623,000 after purchasing an additional 240 shares during the period. Finally, Cerity Partners LLC increased its holdings in Ryman Hospitality Properties by 11.2% in the 1st quarter. Cerity Partners LLC now owns 9,050 shares of the real estate investment trust's stock valued at $828,000 after purchasing an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.
Analyst Ratings Changes
RHP has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Ryman Hospitality Properties to a "strong-buy" rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an "equal weight" rating and a $92.00 price target on the stock. Bank of America increased their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $111.40.
View Our Latest Stock Report on Ryman Hospitality Properties
About Ryman Hospitality Properties
(Get Free Report)Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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