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.
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