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

Key Points

• Ryman Hospitality Properties reported quarterly EPS of $1.79, beating analysts’ consensus estimate of $0.44 by $1.35. The company posted a 34.54% return on equity and a 9.91% net margin.
• Shares rose 1.2% to $134.72, near the company’s 12-month high of $137.46, giving Ryman a market capitalization of approximately $8.5 billion.
• The REIT paid a quarterly dividend of $1.20 per share, equivalent to $4.80 annually and a 3.6% yield. Analysts maintained a consensus “Buy” rating with an average target price of $135.25.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.