Ryman Hospitality Properties (NYSE:RHP) Director Acquires $190,660.00 in 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. bought 2,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryman Hospitality Properties Trading Down 0.5%

Shares of RHP traded down $0.49 during mid-day trading on Wednesday, reaching $95.14. 773,944 shares of the company's stock traded hands, compared to its average volume of 805,473. The stock has a market cap of $5.99 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.69 and a beta of 1.62. The stock's 50-day moving average is $98.45 and its two-hundred day moving average is $96.04. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million for the quarter, compared to analysts' expectations of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $31,000. AlphaQuest LLC lifted its holdings in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 140.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

RHP has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective on the stock. Evercore ISI dropped their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Bank of America increased their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $114.75.

About Ryman Hospitality Properties

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.