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NASHVILLE, TN—Colin V. Reed, the Executive Chairman of the Board at Ryman Hospitality Properties , Inc. (NYSE:RHP), a $5.8 billion market cap hospitality REIT, has made a notable purchase of the company’s stock. According to a recent SEC filing, Reed acquired 8,231 shares of common stock on February 26, 2025, at a price of $97.54 per share. The total transaction value amounted to $802,851. According to InvestingPro analysis, the company currently trades near its Fair Value, with a "GREAT" overall financial health score.
This acquisition increased Reed’s (OTC:REED) direct ownership to 832,260 shares. Additionally, Reed holds shares indirectly through various entities, including trusts and limited liability companies, which collectively amount to several hundred thousand shares.
The purchase represents the reinvestment of previously accrued cash dividends in Reed’s Supplemental Executive Retirement Plan (SERP) account. Notably, the shares credited to Reed’s SERP account are economically equivalent to common stock shares and will be payable solely in shares following the termination of his employment.
Investors may view this transaction as a sign of confidence in the company’s future prospects, reflecting Reed’s commitment to Ryman Hospitality Properties. The company, known for its real estate investment trust operations, continues to be a significant player in the hospitality and entertainment sectors. InvestingPro analysis reveals the company’s strong fundamentals, with analysts forecasting profitability for the current year and a robust revenue growth of 8.75% over the last twelve months. For deeper insights into RHP’s valuation and growth prospects, subscribers can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Ryman Hospitality Properties announced its fourth-quarter 2024 earnings, reporting an earnings per share (EPS) of $1.13, which did not meet the forecasted $1.21. The company’s revenue for the quarter was $647.63 million, falling short of the expected $659.27 million. Despite these misses, Ryman reported an 8% increase in full-year revenue and a 10% rise in adjusted EBITDAre, supported by strategic investments and renovations. Truist Securities adjusted its outlook on Ryman, lowering the price target from $136.00 to $133.00 but maintained a Buy rating on the stock. The firm revised its 2025 EBITDAre estimate to $780 million and adjusted funds from operations (AFFO) per share to $8.36. For 2026, the EBITDAre forecast was updated to $841 million, with an AFFO per share of $9.51. Truist noted the potential for stock performance volatility due to planned renovations in Ryman’s Hospitality portfolio. Despite these challenges, Ryman projects growth in hospitality RevPAR and plans significant capital investments ranging from $400 million to $500 million in 2025.
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