Ryman Hospitality Properties Inc (NYSE: RHP) CEO Colin V. Reed bought 13,031 shares of the company in a deal on Monday, November 12. The stock was purchased at an average cost of $ 75.83 per share, with a total value of $ 988,140.73. The acquisition was disclosed in a file with the Securities and Exchange Commission, which is accessible through this hyperlink.
The RHP opened at $ 76.42 on Friday. The company has a fast ratio of 1.23, a current index of 1.23 and a debt ratio of 4.74. The company has a market value of $ 3.84 billion, a P / E ratio of 13.74, a price-earnings ratio of 1.76 and a beta of 1.29. Ryman Hospitality Properties Inc has a fifty-two-week low of $ 66.35 and a fifty-two-week high of $ 90.02.
Ryman Hospitality Properties (NYSE: RHP) last published its quarterly results on Tuesday, November 6. The real estate investment fund posted gains of $ 0.44 per share for the quarter, losing the Zacks' consensual estimate of $ 1.14 ($ 0.70). The business had revenue of $ 292.25 million in the quarter, compared with a consensus estimate of $ 277.54 million. Ryman Hospitality Properties had a return on equity of 51.08% and a net margin of 14.11%. The company's quarterly revenue grew 10.4% over the previous year. During the same period last year, the company earned $ 1.02 per share. On average, stock-market analysts predict that Ryman Hospitality Properties Inc will release 5.87 earnings per share for the current fiscal year.
RHP has been the subject of several reports by research analysts. ValuEngine downgraded Ryman Hospitality Properties shares from a "buy" rating to a "hold" rating on a research note on Thursday, Nov. 1. Bank of America raised its target price on Ryman Hospitality Properties shares from $ 90.00 to $ 94.00 and gave the stock a "buy" rating on a research note on Tuesday, September 18. Citigroup set a target price of $ 98.00 for Ryman Hospitality Properties and gave the stock a "buy" rating on a research note on Monday, Sept. 17. Finally, Deutsche Bank set a target price of $ 94.00 for shares of Ryman Hospitality Properties and gave the stock a "buy" rating on a research note on Saturday, September 15. Two investment analysts rated the shares with a maintenance rating and five issued a buy rating for the company. Currently, the stock has a "Buy" consensus rating and a consensus price target of $ 87.50.
Several institutional investors and hedge funds recently bought and sold shares of RHP. Point72 Hong Kong Ltd bought a new equity stake in Ryman Hospitality Properties during the second quarter, worth approximately $ 205,000. Pecaut & CO acquired a new equity stake in Ryman Hospitality Properties during the second quarter of approximately $ 208,000. Cubist Systematic Strategies LLC bought a new equity stake in Ryman Hospitality Properties during the second quarter, worth approximately $ 209,000. Sageworth Trust Co. increased its stake in Ryman Hospitality Properties by 242.8% during the third quarter. Sageworth Trust Co now owns 2,715 real estate investment fund shares worth $ 234,000 after buying 1,923 additional shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new equity stake in Ryman Hospitality Properties for the third quarter, valued at approximately $ 236,000. 82.97% of the shares are owned by institutional investors and hedge funds.
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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 high-level, meeting-focused resorts totaling 8,114 rooms that are managed by Marriott International, Inc, under the Gaylord Hotels brand.
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