Ryman Hospitality Properties, Inc. (NYSE:RHP) Plans Quarterly Dividend of $1.20

Ryman Hospitality Properties, Inc. (NYSE:RHP) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 1.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a 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%annually 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. 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 Stock Down 1.3%

NYSE:RHP opened at $120.60 on Wednesday. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $137.46. The stock’s fifty day moving average is $126.73 and its two-hundred day moving average is $114.29. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02.

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

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.