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

Ryman Hospitality Properties (NYSE:RHP) released its earnings results on Monday. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.17, Zacks reports. The business had revenue of $655.80 million for the quarter, compared to analyst estimates of $646.13 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. Ryman Hospitality Properties’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 earnings per share.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $134.72 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 12 month low of $85.07 and a 12 month high of $137.46. The stock has a 50 day moving average of $124.97 and a 200-day moving average of $113.68. The company has a market capitalization of $8.50 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.00 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Cantor Fitzgerald upped their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Evercore downgraded shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price objective for the company. in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.