Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $1.15 on April 15th

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 paid 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 yield of 4.67%. The ex-dividend date is Monday, March 31st.

Ryman Hospitality Properties has a payout ratio of 75.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 RHP opened at $98.48 on Friday. The business’s fifty day moving average price is $104.26 and its 200 day moving average price is $106.95. Ryman Hospitality Properties has a 12-month low of $93.76 and a 12-month high of $122.91. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities research analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RHP. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.