Ryman Hospitality Properties, Inc. (NYSE:RHP) Plans $1.10 Quarterly Dividend

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) declared a quarterly dividend on Friday, May 10th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 1.10 per share by the real estate investment trust on Monday, July 15th. This represents a $4.40 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, June 28th.

Ryman Hospitality Properties has a payout ratio of 86.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Ryman Hospitality Properties to earn $8.65 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 50.9%.

Ryman Hospitality Properties Trading Up 0.5 %

RHP stock traded up $0.53 on Friday, hitting $105.94. 524,587 shares of the company were exchanged, compared to its average volume of 525,819. Ryman Hospitality Properties has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.97. The business's fifty day moving average is $111.96 and its two-hundred day moving average is $108.34. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.59.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RHP. Raymond James increased their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday. StockNews.com lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 6th. Finally, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Insider Activity

In other news, Chairman Colin V. Reed bought 13,800 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares of the company's stock, valued at $87,156,815.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the transaction, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 13,800 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.