Ryman Hospitality Properties Inc (NYSE:RHP) CFO Mark Fioravanti bought 3,000 shares of Ryman Hospitality Properties stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $31.90 per share, with a total value of $95,700.00. Following the completion of the purchase, the chief financial officer now owns 205,768 shares in the company, valued at $6,563,999.20. The acquisition was disclosed in a filing with the SEC, which is available through this link.
NYSE:RHP traded up $0.46 during trading hours on Tuesday, hitting $34.54. The company had a trading volume of 6,948 shares, compared to its average volume of 1,194,377. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 5.46. The company has a 50-day moving average of $34.25 and a 200 day moving average of $55.70. The company has a market cap of $1.75 billion, a P/E ratio of 24.70 and a beta of 1.43. Ryman Hospitality Properties Inc has a 1 year low of $13.25 and a 1 year high of $91.57.
Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by ($1.20). The company had revenue of $313.00 million during the quarter, compared to analysts' expectations of $303.97 million. Ryman Hospitality Properties had a net margin of 4.52% and a return on equity of 14.32%. The firm's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 earnings per share. On average, analysts forecast that Ryman Hospitality Properties Inc will post -1.55 earnings per share for the current year.
Several research firms recently commented on RHP. Citigroup downgraded Ryman Hospitality Properties from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $92.00 to $35.00 in a research note on Tuesday, April 7th. Deutsche Bank reduced their price objective on Ryman Hospitality Properties from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Sunday, May 10th. Raymond James increased their price objective on Ryman Hospitality Properties from $40.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, June 8th. Zacks Investment Research downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, June 16th. Finally, SunTrust Banks increased their price objective on Ryman Hospitality Properties from $26.00 to $30.00 and gave the company a "hold" rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $52.86.
A number of large investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $32,000. Tower Research Capital LLC TRC grew its holdings in shares of Ryman Hospitality Properties by 839.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 385 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 344 shares during the period. Allred Capital Management LLC grew its holdings in shares of Ryman Hospitality Properties by 543.3% during the 1st quarter. Allred Capital Management LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 766 shares during the period. Fieldpoint Private Securities LLC grew its holdings in shares of Ryman Hospitality Properties by 75.1% during the 4th quarter. Fieldpoint Private Securities LLC now owns 590 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 253 shares during the period. Finally, FMR LLC grew its holdings in shares of Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 196 shares during the period. Institutional investors own 88.74% of the company's stock.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
Featured Story: What is an investor looking for in an SEC filing?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
10 Buy and Hold Stocks to Add to Your Portfolio
“Set it and forget it” are words many investors don’t want to hear. Even the most venerable brokerage houses are encouraging their clients to actively trade so they can beat the market. Buy and hold is a relic, they say. It doesn’t reflect the reality of today.
In other words, “this time it’s different”.
As the ongoing volatility in the market shows you, it’s not different. It’s not even close to being different. The simple fact is that many active traders lose money by being too aggressive and too active for their own good.
And while it’s true that the market won’t always be this choppy, and certain stocks may be a great buy in months to come, right now investors are looking for safe harbors. One of the safest ways to invest is to find stocks that you can feel comfortable holding on to even in the worst of times. Frequently that can be because the stocks offer an attractive dividend. But sometimes, it’s also because they are in a market that is always in demand.
But that doesn’t mean you have to limit yourself to defensive stocks. You can find some quality buy-and-hold stocks that offer some attractive growth prospects.
View the "10 Buy and Hold Stocks to Add to Your Portfolio".
