Ryman Hospitality Properties (NYSE:RHP – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $8.09-8.51 for the period, compared to the consensus estimate of $8.03.
Ryman Hospitality Properties Stock Down 2.2 %
Shares of NYSE RHP traded down $2.28 on Wednesday, hitting $100.64. The company had a trading volume of 1,135,612 shares, compared to its average volume of 445,167. Ryman Hospitality Properties has a 12-month low of $79.86 and a 12-month high of $122.91. The business has a 50 day moving average of $101.13 and a two-hundred day moving average of $108.47. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33. The firm has a market capitalization of $6.03 billion, a P/E ratio of 21.31, a PEG ratio of 2.15 and a beta of 1.64.
Ryman Hospitality Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Ryman Hospitality Properties
Insider Buying and Selling
In other news, Director William E. Haslam acquired 9,972 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The transaction 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 bought 13,800 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the transaction, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.
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.
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