Ryman Hospitality Properties, Inc. (NYSE:RHP) CEO Colin V. Reed sold 19,280 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ryman Hospitality Properties, Inc. (RHP) traded up 1.02% on Tuesday, hitting $64.08. The stock had a trading volume of 161,117 shares. The company has a 50-day moving average of $60.64 and a 200 day moving average of $62.38. The company has a market cap of $3.25 billion, a PE ratio of 20.28 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 12 month low of $48.09 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The firm had revenue of $298.80 million during the quarter, compared to analysts’ expectations of $296.01 million. During the same period in the previous year, the business earned $1.59 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, September 28th. Ryman Hospitality Properties’s payout ratio is 101.59%.

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Institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the second quarter worth approximately $239,000. Advisor Group Inc. increased its position in shares of Ryman Hospitality Properties by 59.0% during the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 646 shares in the last quarter. Profund Advisors LLC increased its position in shares of Ryman Hospitality Properties by 5.2% during the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 178 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Ryman Hospitality Properties by 2.4% during the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 89 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ryman Hospitality Properties by 4.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,774 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

A number of brokerages have issued reports on RHP. BidaskClub raised shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, July 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.40.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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

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