Wall Street brokerages expect Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) to report $1.18 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ryman Hospitality Properties’ earnings. The lowest EPS estimate is $1.17 and the highest is $1.19. Ryman Hospitality Properties posted earnings of $1.22 per share in the same quarter last year, which would indicate a negative year over year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Ryman Hospitality Properties will report full-year earnings of $5.90 per share for the current year, with EPS estimates ranging from $5.85 to $5.99. For the next year, analysts anticipate that the business will report earnings of $6.55 per share, with EPS estimates ranging from $6.33 to $7.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ryman Hospitality Properties.

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Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The firm had revenue of $345.18 million during the quarter, compared to analyst estimates of $335.37 million. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. SunTrust Banks lifted their price objective on Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a report on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank lifted their price objective on Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a report on Monday, February 26th. Bank of America lifted their price objective on Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Wells Fargo upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.17.

Shares of Ryman Hospitality Properties (NYSE RHP) traded up $0.22 on Friday, hitting $76.29. 484,164 shares of the stock were exchanged, compared to its average volume of 338,224. The stock has a market capitalization of $3,912.32, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.64 and a beta of 1.29. Ryman Hospitality Properties has a 1 year low of $57.78 and a 1 year high of $78.91.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.85 dividend. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 28th. Ryman Hospitality Properties’s payout ratio is presently 93.57%.

In other news, CEO Colin V. Reed acquired 5,995 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average cost of $75.81 per share, for a total transaction of $454,480.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jennifer L. Hutcheson sold 1,081 shares of Ryman Hospitality Properties stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.63, for a total value of $75,270.03. Following the completion of the sale, the senior vice president now owns 7,764 shares of the company’s stock, valued at $540,607.32. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Delpha Capital Management LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $119,000. Quantbot Technologies LP bought a new position in Ryman Hospitality Properties in the third quarter worth about $161,000. Suntrust Banks Inc. bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $205,000. FCA Corp TX bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $209,000. Finally, JOYN Advisors Inc. bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

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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 GeorgeĀ’s County, Maryland.

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

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