H Eric Bolton, Jr. Buys 2,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock

Key Points

• H Eric Bolton, Jr., a director at Ryman Hospitality Properties, purchased 2,000 shares at an average price of $95.33, increasing his total ownership in the company to 2,000 shares valued at approximately $190,660.
• Ryman Hospitality Properties reported a Q2 EPS of $2.35, surpassing analyst estimates of $2.31, with quarterly revenue of $659.52 million, a 7.5% year-over-year increase.
• Despite recent performance, analyst ratings are mixed, with a range of price targets from $105.00 to $127.00 and a notable recent downgrade from a "hold" to a "sell" rating.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ryman Hospitality Properties Trading Down 0.6%

NYSE:RHP traded down $0.59 during midday trading on Friday, reaching $94.75. 131,902 shares of the stock traded hands, compared to its average volume of 807,992. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The stock has a market capitalization of $5.97 billion, a P/E ratio of 22.57, a PEG ratio of 2.25 and a beta of 1.62. The company has a fifty day moving average of $98.73 and a 200 day moving average of $96.33.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 EPS. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on RHP shares. Bank of America boosted 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. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. Finally, Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $114.75.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 209 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $31,000. AlphaQuest LLC boosted its holdings in shares of Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust's stock worth $33,000 after buying an additional 276 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after buying an additional 367 shares during the last quarter. Finally, First Community Trust NA boosted its holdings in shares of Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock worth $59,000 after buying an additional 100 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

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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