Ryman Hospitality Properties (NYSE:RHP) Posts Earnings Results, Beats Estimates By $1.35 EPS

Ryman Hospitality Properties (NYSE:RHP) released its quarterly earnings results on Monday. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.44 by $1.35, Zacks reports. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.

Ryman Hospitality Properties Trading Up 1.2%

Shares of NYSE:RHP traded up $1.54 during trading on Monday, reaching $134.72. 756,560 shares of the company were exchanged, compared to its average volume of 604,796. The business’s fifty day simple moving average is $124.85 and its 200-day simple moving average is $113.47. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. Ryman Hospitality Properties has a 12-month low of $85.07 and a 12-month high of $137.46. The firm has a market capitalization of $8.50 billion, a PE ratio of 32.94, a P/E/G ratio of 2.01 and a beta of 1.23.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 117.36%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore lowered Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 target price for the company. in a research report on Monday, October 26th. Barclays decreased their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Cantor Fitzgerald boosted their price objective on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Truist Financial upped their price objective on Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Finally, Zacks Research raised Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus 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.