Ryman Hospitality Properties, Inc. to Issue 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. Stockholders 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 dividend on an annualized basis and a dividend 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 decline. 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 Trading Down 5.0 %

Shares of Ryman Hospitality Properties stock opened at $98.48 on Friday. 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 capitalization of $5.90 billion, a P/E ratio of 22.43, a PEG ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties has a 1 year low of $93.76 and a 1 year high of $122.91. The company’s fifty day moving average is $104.26 and its two-hundred day moving average is $106.89.

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. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RHP. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial increased their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Hold” and an average 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.