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

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Wednesday, December 31st will be given a dividend of 1.20 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, December 31st. This is a 4.3% increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15.

Ryman Hospitality Properties has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Ryman Hospitality Properties has a dividend payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 $4.60 annual dividend with an expected future payout ratio of 47.8%.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $91.92 on Friday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.31 and a beta of 1.22. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $120.35. The stock has a 50 day moving average price of $91.01 and a two-hundred day moving average price of $95.58. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The company had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. During the same quarter in the previous year, the firm earned $1.93 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RHP. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

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.