Brokerages expect Ryman Hospitality Properties, Inc. (NYSE:RHP) to post $265.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings. The highest sales estimate is $268.80 million and the lowest is $261.10 million. Ryman Hospitality Properties reported sales of $271.72 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.1%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, November 7th.

On average, analysts expect that Ryman Hospitality Properties will report full year sales of $265.92 million for the current year, with estimates ranging from $1.17 billion to $1.18 billion. For the next financial year, analysts anticipate that the company will post sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $298.80 million during the quarter, compared to the consensus estimate of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share.

A number of research analysts have weighed in on RHP shares. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. Finally, UBS AG cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Ryman Hospitality Properties currently has a consensus rating of “Hold” and a consensus price target of $64.40.

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Shares of Ryman Hospitality Properties (RHP) traded up 0.82% during midday trading on Monday, reaching $62.91. 165,394 shares of the company’s stock traded hands. Ryman Hospitality Properties has a 12 month low of $47.38 and a 12 month high of $67.97. The stock has a 50-day moving average price of $60.38 and a 200 day moving average price of $62.36. The firm has a market cap of $3.19 billion, a PE ratio of 19.91 and a beta of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, September 28th. Ryman Hospitality Properties’s dividend payout ratio is presently 101.59%.

In other news, CEO Colin V. Reed sold 10,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $63.17, for a total value of $631,700.00. Following the transaction, the chief executive officer now owns 101,930 shares of the company’s stock, valued at approximately $6,438,918.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Colin V. Reed sold 30,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the transaction, the chief executive officer now directly owns 101,930 shares in the company, valued at approximately $6,466,439.20. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $3,173,900 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock worth $527,561,000 after buying an additional 219,560 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Ryman Hospitality Properties by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock worth $285,547,000 after buying an additional 139,518 shares during the last quarter. State Street Corp increased its holdings in shares of Ryman Hospitality Properties by 2.7% in the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after buying an additional 43,334 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Ryman Hospitality Properties by 2.3% in the 2nd quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock worth $59,085,000 after buying an additional 20,554 shares during the last quarter. Finally, AJO LP increased its holdings in shares of Ryman Hospitality Properties by 502.4% in the 2nd quarter. AJO LP now owns 729,581 shares of the real estate investment trust’s stock worth $46,700,000 after buying an additional 608,468 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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