Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $1.15 on January 15th

Ryman Hospitality Properties, Inc. (NYSE:RHP) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 1.15 per share by the real estate investment trust on Wednesday, January 15th. This represents a $4.60 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10.

Ryman Hospitality Properties has a payout ratio of 92.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Ryman Hospitality Properties to earn $8.79 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 52.3%.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $106.10 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $6.36 billion, a PE ratio of 18.85, a P/E/G ratio of 2.95 and a beta of 1.65. The firm has a fifty day simple moving average of $111.83 and a 200 day simple moving average of $105.97. Ryman Hospitality Properties has a twelve month low of $93.76 and a twelve month high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same period in the prior year, the business earned $1.73 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of research reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company. Truist Financial upped their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $128.57.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.