Ryman Hospitality Properties, Inc. (REIT) (RHP) Forecasted to Post Q1 2018 Earnings of $1.21 Per Share
Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) – Investment analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of Ryman Hospitality Properties in a report released on Wednesday. SunTrust Banks analyst P. Scholes forecasts that the real estate investment trust will post earnings of $1.21 per share for the quarter. SunTrust Banks has a “Hold” rating and a $60.00 price objective on the stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q2 2018 earnings at $1.72 EPS, Q3 2018 earnings at $1.37 EPS, Q4 2018 earnings at $1.83 EPS and FY2018 earnings at $6.13 EPS.
Other research analysts have also issued research reports about the stock. Bank of America raised shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, October 17th. Wells Fargo & Co raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Tuesday, December 19th. Finally, ValuEngine raised shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.80.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.38. The business had revenue of $264.70 million during the quarter, compared to analyst estimates of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.80 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.20 dividend on an annualized basis and a yield of 4.76%. Ryman Hospitality Properties’s payout ratio is currently 108.47%.
In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 5,995 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were acquired at an average price of $75.81 per share, with a total value of $454,480.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total transaction of $222,332.50. Following the completion of the sale, the senior vice president now directly owns 4,147 shares in the company, valued at approximately $283,696.27. The disclosure for this sale can be found here. In the last three months, insiders sold 8,331 shares of company stock worth $576,523. 3.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in Ryman Hospitality Properties by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 33,688 shares of the real estate investment trust’s stock valued at $2,156,000 after acquiring an additional 127 shares during the period. Ameritas Investment Partners Inc. increased its stake in Ryman Hospitality Properties by 3.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,883 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 130 shares during the period. Tudor Investment Corp ET AL increased its stake in Ryman Hospitality Properties by 2.8% in the second quarter. Tudor Investment Corp ET AL now owns 5,412 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 145 shares during the period. Profund Advisors LLC increased its stake in Ryman Hospitality Properties by 5.2% in the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 178 shares during the period. Finally, Advisor Group Inc. increased its stake in Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 646 shares during the period. 87.33% of the stock is currently owned by institutional investors and hedge funds.
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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 Georges County, Maryland.
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