Ryman Hospitality Properties (RHP) Scheduled to Post Quarterly Earnings on Monday

Ryman Hospitality Properties (NYSE:RHP) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.83 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $107.53 on Friday. The company’s 50 day simple moving average is $106.60 and its 200-day simple moving average is $103.83. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.44 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.09 and a beta of 1.66. Ryman Hospitality Properties has a 12-month low of $87.25 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.10 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.09%. Ryman Hospitality Properties’s payout ratio is currently 82.55%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the acquisition, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.20.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.