Ryman Hospitality Properties (NYSE:RHP) Announces Earnings Results

Ryman Hospitality Properties (NYSE:RHP) released its quarterly earnings data on Monday. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.04), Zacks reports. Ryman Hospitality Properties had a return on equity of 35.38% and a net margin of 9.88%. The company had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter in the prior year, the company posted $1.63 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.

Ryman Hospitality Properties Trading Up 0.2%

NYSE:RHP opened at $131.95 on Friday. The company has a market capitalization of $8.33 billion, a PE ratio of 14.57, a P/E/G ratio of 2.03 and a beta of 1.23. The stock’s 50 day moving average price is $125.23 and its 200 day moving average price is $114.47. 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 has a 52-week low of $89.60 and a 52-week high of $137.46.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 115.94%.

Analyst Ratings Changes

Several research firms have commented on RHP. Citigroup boosted their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Barclays lowered their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Finally, Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $135.25.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.