Ryman Hospitality Properties Inc (NYSE:RHP) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.90 per share by the real estate investment trust on Tuesday, October 15th. This represents a $3.60 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, September 27th.

Ryman Hospitality Properties has raised its dividend payment by an average of 9.5% annually over the last three years and has raised its dividend every year for the last 5 years. Ryman Hospitality Properties has a payout ratio of 61.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Ryman Hospitality Properties to earn $7.25 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 49.7%.

Shares of Ryman Hospitality Properties stock traded up $0.13 during trading on Wednesday, hitting $81.73. 2,245 shares of the company’s stock traded hands, compared to its average volume of 257,294. The company has a debt-to-equity ratio of 5.97, a current ratio of 1.29 and a quick ratio of 1.29. Ryman Hospitality Properties has a 1 year low of $64.36 and a 1 year high of $89.50. The stock has a market capitalization of $4.20 billion, a P/E ratio of 13.96, a PEG ratio of 1.91 and a beta of 1.14. The business has a 50-day simple moving average of $79.37 and a 200-day simple moving average of $80.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.93). Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The business had revenue of $407.70 million for the quarter, compared to analysts’ expectations of $399.41 million. During the same period last year, the business earned $1.80 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts predict that Ryman Hospitality Properties will post 6.79 earnings per share for the current fiscal year.

In other news, CEO Colin V. Reed bought 13,585 shares of the company’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $79.30 per share, with a total value of $1,077,290.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Several research firms recently commented on RHP. ValuEngine cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. SunTrust Banks dropped their price objective on Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Ryman Hospitality Properties in a research report on Thursday, August 8th. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. dropped their target price on Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating on the stock in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.60.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Dividend History for Ryman Hospitality Properties (NYSE:RHP)

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