Ryman Hospitality Properties (NYSE:RHP) Posts Earnings Results, Misses Expectations By $1.04 EPS

Ryman Hospitality Properties (NYSE:RHP) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.04), Zacks reports. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. The company had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis.

Ryman Hospitality Properties Trading Up 1.2%

Ryman Hospitality Properties stock opened at $134.72 on Tuesday. 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 one year low of $85.07 and a one year high of $137.46. The stock has a market capitalization of $8.50 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. The business’s fifty day moving average is $124.97 and its 200 day moving average is $113.68.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 117.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RHP. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Evercore downgraded shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price objective on the stock. in a research report on Monday, October 26th. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald upped their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.