Deutsche Bank Maintains Ryman Hospitality Properties (REIT) to Buy with Price Target $61.00

Brokerage firm Deutsche Bank Maintains its rating on Ryman Hospitality Properties (REIT)(NYSE:RHP). In a research note issued to the investors, the brokerage major Lowers the price-target to $61.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 3, 2016.

Ryman Hospitality Properties (REIT) (RHP) made into the market gainers list on Fridays trading session with the shares advancing 0.90% or 0.49 points. Due to strong positive momentum, the stock ended at $54.64, which is also near the day’s high of $54.84. The stock began the session at $54.03 and the volume stood at 1,88,075 shares. The 52-week high of the shares is $61.02 and the 52 week low is $41.5. The company has a current market capitalization of $2,787 M and it has 5,10,01,434 shares in outstanding.

Ryman Hospitality Properties (REIT)(RHP) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $296.21M. Analysts had an estimated revenue of $291.75M. Earnings per share were $1.59. Analysts had estimated an EPS of $0.95.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Colin V Reed (CEO) purchased 7,377 shares at $53.44 per share price.Also, On Mar 29, 2016, Michael Isor Roth (director) sold 6,098 shares at $50.46 per share price.On Mar 21, 2016, Michael J Bender (director) sold 6,098 shares at $52.77 per share price, according to the Form-4 filing with the securities and exchange commission.

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