Ryman Hospitality Properties (NYSE:RHP) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Ryman Hospitality Properties (NYSE:RHP) posted its quarterly earnings data on Monday. The real estate investment trust reported $1.79 EPS for the quarter, beating the consensus estimate of $1.62 by $0.17, Zacks reports. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. During the same period in the prior year, the business earned $1.63 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded up $1.54 on Monday, reaching $134.72. The company’s stock had a trading volume of 756,663 shares, compared to its average volume of 604,796. The stock’s fifty day simple moving average is $124.97 and its 200-day simple moving average is $113.68. Ryman Hospitality Properties has a 1 year low of $85.07 and a 1 year high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 117.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RHP shares. Weiss Ratings upgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Citigroup raised their target price on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Evercore downgraded shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 target price on the stock. in a research note on Monday, October 26th. Finally, Barclays decreased their target price on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $135.25.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.