Ryman Hospitality Properties Inc. Plans Quarterly Dividend of $0.50 (RHP)
Ryman Hospitality Properties (NYSE:RHP) announced a quarterly dividend on Monday, September 16th, StockRatingsNetwork reports. Investors of record on Friday, September 27th will be paid a dividend of $0.50 per share on Tuesday, October 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.60%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ryman Hospitality Properties (NYSE:RHP) in a research note to investors on Wednesday, August 14th. They now have a $35.00 price target on the stock, down previously from $36.00. On the ratings front, analysts at SunTrust cut their price target on shares of Ryman Hospitality Properties (NYSE:RHP) from $34.00 to $30.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at JMP Securities cut their price target on shares of Ryman Hospitality Properties (NYSE:RHP) from $48.00 to $44.00 in a research note to investors on Wednesday, August 7th.
One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.29.
Ryman Hospitality Properties (NYSE:RHP) opened at 35.69 on Monday. Ryman Hospitality Properties has a 52 week low of $30.85 and a 52 week high of $48.35. The stock has a 50-day moving average of $34.83 and a 200-day moving average of $39.63. The company has a market cap of $1.802 billion and a price-to-earnings ratio of 82.42.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.25. The company had revenue of $245.18 million for the quarter, compared to the consensus estimate of $254.50 million. Ryman Hospitality Properties’s revenue was down 3.2% compared to the same quarter last year. On average, analysts predict that Ryman Hospitality Properties will post $1.68 earnings per share for the current fiscal year.
Ryman Hospitality Properties Inc is a financials company in the Specialized REITs industry.
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