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

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 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Monday, March 31st.

Ryman Hospitality Properties has a dividend payout ratio of 75.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Ryman Hospitality Properties to earn $9.62 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 43.0%.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $98.48 on Friday. The business’s fifty day simple moving average is $104.26 and its 200-day simple moving average is $106.89. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $5.90 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Equities analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday. Finally, BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $126.17.

About Ryman Hospitality Properties

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.