Ryman Hospitality Properties (NYSE:RHP) Posts Earnings Results, Misses Expectations By $1.04 EPS

Ryman Hospitality Properties (NYSE:RHP) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04), Zacks reports. Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. The firm had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter in the prior year, the business earned $1.63 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.

Ryman Hospitality Properties Trading Down 3.5%

RHP opened at $131.65 on Friday. The stock has a market capitalization of $9.08 billion, a PE ratio of 14.73, a P/E/G ratio of 2.02 and a beta of 1.23. The firm’s fifty day moving average price is $125.18 and its 200 day moving average price is $114.28. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.15 and a quick ratio of 1.34. Ryman Hospitality Properties has a 12-month low of $89.60 and a 12-month high of $137.46.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 annualized dividend and a yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio is currently 117.36%.

Wall Street Analysts Forecast Growth

RHP has been the topic of several analyst reports. Evercore downgraded shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price target on the stock. in a research note on Monday, October 26th. Zacks Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Cantor Fitzgerald raised their target price on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price 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. Finally, Weiss Ratings upgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $135.25.

Ryman Hospitality Properties Company Profile

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.