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

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Wednesday, September 4th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 1.10 per share by the real estate investment trust on Tuesday, October 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Monday, September 30th.

Ryman Hospitality Properties has a payout ratio of 87.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Ryman Hospitality Properties to earn $8.83 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 49.8%.

Ryman Hospitality Properties Stock Up 0.4 %

RHP stock opened at $109.37 on Friday. The company’s 50 day moving average is $102.15 and its two-hundred day moving average is $104.85. Ryman Hospitality Properties has a twelve month low of $80.67 and a twelve month high of $122.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market cap of $6.55 billion, a P/E ratio of 22.64, a PEG ratio of 2.34 and a beta of 1.66.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RHP. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.17.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares in the company, valued at $337,843.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.