Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $1.20 on October 15th

Ryman Hospitality Properties, Inc. (NYSE:RHP) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 1.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th.

Ryman Hospitality Properties has increased its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Ryman Hospitality Properties has a dividend payout ratio of 101.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ryman Hospitality Properties to earn $10.27 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 46.7%.

Ryman Hospitality Properties Trading Down 0.6%

Shares of RHP opened at $120.00 on Thursday. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $137.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 1.85 and a beta of 1.18. The stock’s 50-day moving average price is $126.65 and its 200 day moving average price is $114.41.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same quarter last year, the company earned $2.35 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, research analysts predict that Ryman Hospitality Properties will post 9.21 earnings per share for the current year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds have recently added to or reduced their stakes in RHP. Sequoia Financial Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at $332,000. NewEdge Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the second quarter worth $317,000. Baird Financial Group Inc. acquired a new position in Ryman Hospitality Properties during the second quarter worth $768,000. Allworth Financial LP increased its stake in Ryman Hospitality Properties by 11.7% in the 2nd quarter. Allworth Financial LP now owns 6,704 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 700 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 103 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.