Insider Buying: Ryman Hospitality Properties CEO Buys 5,424 Shares of Stock (RHP)
Ryman Hospitality Properties (NYSE:RHP) CEO Colin V. Reed purchased 5,424 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $43.45 per share, for a total transaction of $235,672.80. Following the purchase, the chief executive officer now directly owns 716,561 shares in the company, valued at approximately $31,134,575. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.59. The company had revenue of $221.20 million for the quarter, compared to the consensus estimate of $227.92 million. During the same quarter in the previous year, the company posted ($0.57) earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.
RHP has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Ryman Hospitality Properties from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, November 8th. They now have a $40.40 price target on the stock. Separately, analysts at TheStreet upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note to investors on Thursday, November 7th. Finally, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Ryman Hospitality Properties in a research note to investors on Wednesday, November 6th. They now have a $36.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of “Hold” and an average price target of $41.66.
Ryman Hospitality Properties Inc is a financials company in the Specialized REITs industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.