Ryman Hospitality Properties, Inc. (NYSE:RHP) Announces $1.15 Quarterly Dividend

Key Points

• Ryman Hospitality Properties, Inc. has declared a quarterly dividend of $1.15 per share, with investors of record set to receive it on October 15th.
• The company's current dividend payout ratio is 96.8%, which indicates the dividend is covered by earnings but raises concerns about sustainability if earnings decline.
• Ryman Hospitality reported $2.35 EPS in its last quarterly earnings, exceeding expectations, and has set its FY 2025 guidance between $7.930-8.490 EPS.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 1.15 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 30th.

Ryman Hospitality Properties has a dividend payout ratio of 96.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Ryman Hospitality Properties to earn $9.62 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 47.8%.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded down $1.60 during mid-day trading on Friday, reaching $95.79. 1,737,751 shares of the company traded hands, compared to its average volume of 787,463. The company's 50 day moving average price is $97.90 and its 200-day moving average price is $95.66. The firm has a market cap of $6.03 billion, a PE ratio of 22.86, a PEG ratio of 1.73 and a beta of 1.58. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of the company's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock worth $6,753,000 after purchasing an additional 8,261 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Ryman Hospitality Properties by 7.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock valued at $545,000 after buying an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 53.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after buying an additional 2,615 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 44.3% in the first quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock worth $1,526,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Ryman Hospitality Properties by 751.6% in the first quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock worth $1,558,000 after purchasing an additional 15,039 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Company Profile

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.