Ryman Hospitality Properties CEO Purchases $232,467 in Stock (RHP)
Ryman Hospitality Properties (NYSE:RHP) CEO Colin Reed bought 6,682 shares of the stock on the open market in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $34.79 per share, for a total transaction of $232,466.78. Following the completion of the purchase, the chief executive officer now directly owns 671,577 shares in the company, valued at approximately $23,364,164. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ryman Hospitality Properties (NYSE:RHP) traded up 2.34% during mid-day trading on Wednesday, hitting $35.42. The stock had a trading volume of 404,769 shares. Ryman Hospitality Properties has a 52 week low of $30.85 and a 52 week high of $48.35. The stock’s 50-day moving average is $34.86 and its 200-day moving average is $38.04. The company has a market cap of $1.789 billion and a price-to-earnings ratio of 79.93.
Ryman Hospitality Properties (NYSE:RHP) last released its earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.25. The company had revenue of $245.18 million for the quarter, compared to the consensus estimate of $254.50 million. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Ryman Hospitality Properties will post $1.68 EPS for the current fiscal year.
RHP has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Ryman Hospitality Properties from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $36.50 price target on the stock, down previously from $40.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ryman Hospitality Properties in a research note to investors on Wednesday, August 14th. They now have a $35.00 price target on the stock, down previously from $36.00. Finally, analysts at SunTrust cut their price target on shares of Ryman Hospitality Properties from $34.00 to $30.00 in a research note to investors on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Ryman Hospitality Properties currently has a consensus rating of “Hold” and an average price target of $41.07.
Ryman Hospitality Properties Inc is a financials company in the Specialized REITs industry.
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