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Colin Reed, CEO and Chairman of Ryman Hospitality Properties, Acquired 8,040 Shares of the Company

- By Jennifer Chiou

Colin Reed (Insider Trades), CEO and Chairman of Ryman Hospitality Properties Inc. (RHP), acquired 8,040 shares of the company on Oct. 14, 2016. The average price per share was $49.75, for a total amount of $399,990. Ryman Hospitality is a real estate investment trust (REIT), specializing in group-oriented, destination hotel assets in urban and resort markets. The company has a market cap of $2.51 billion.


There is no clear linear decreasing or increasing trend in number or volume of insider purchases of RHP from 2013 to 2015. There were six insider buys totaling 46,376 shares in 2013, and only one insider buy totaling 5,424 shares in the following year. The number of insider purchases increased to seven transactions totaling 39,861 shares in 2015. In 2016 to date, there were five insider purchases totaling 31,973 shares of the company; including the aforementioned transaction, Reed acquired 93.7% of all RHP insider shares purchased in 2016 to date. In total since 2013, Reed conducted 13 insider buys with RHP, acquiring 113,480 shares. For more information about insider trades, click here.

The company reported total revenue of $296.215 million for the second quarter ended June 30, 2016. Total revenue increased from $274.04 million reported by the company in the previous year's second quarter. Net income also increased from $41.39 million, or 80 cents per share, to $51.33 million, or $1.00 per share when comparing the same periods of time. Reed commented that the company is "very pleased" with its second quarter 2016 results. Reed stated that the company did experience "softness during the second quarter of 2016; however, the contractual nature" of the business allows the company a measure of "profitability protection during times of macroeconomic uncertainty."

RHP's board of directors declared a cash dividend of 75 cents per share of common stock for the third quarter of 2016. The company paid a cash dividend of the same amount for the second quarter of 2016. The company stated that it plans to distribute total 2016 annual dividends of approximately $3.00 per share in cash in equal quarterly payments through January 2017.

According to GuruFocus.com information, Ryman Hospitality Properties Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.

Mario Gabelli (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) all reduced their stake in RHP during the second quarter of 2016. Gabelli sold 70,855 shares of the company for an average per share price of $50.70, reducing his stake by 1.56%. Gabelli decreased his stake in the company every quarter since the third 2015. The total estimated gain of the holding since the fourth quarter of 2012 is 32%. Simons sold 91,341 shares, reducing his stake in RHP by 83.31% in the second quarter of 2016, after acquiring 109,641 shares for an average price of $48.25 per share in the previous quarter. Jones sold 4,308 shares of the company, reducing his stake in the company by 48.34%. For more information about guru transactions with RHP, click here.

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This article first appeared on GuruFocus.