Ryman Hospitality Properties, Inc. (NYSE:RHP) Plans $1.15 Quarterly Dividend

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 1.15 per share by the real estate investment trust on Tuesday, April 15th. This represents a $4.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Monday, March 31st.

Ryman Hospitality Properties has a dividend payout ratio of 72.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryman Hospitality Properties to earn $8.84 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 46.8%.

Ryman Hospitality Properties Stock Down 5.0 %

Shares of NYSE:RHP traded down $5.16 during midday trading on Friday, hitting $98.48. 1,031,792 shares of the company’s stock traded hands, compared to its average volume of 452,396. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $5.90 billion, a PE ratio of 17.51, a P/E/G ratio of 2.70 and a beta of 1.67. The firm’s fifty day moving average price is $104.55 and its two-hundred day moving average price is $106.87. 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 posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. On average, equities research analysts anticipate that Ryman Hospitality Properties will post 8.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RHP shares. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus target price of $126.17.

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.