$295.01 Million in Sales Expected for Ryman Hospitality Properties, Inc. (NYSE:RHP) This Quarter
Equities research analysts expect Ryman Hospitality Properties, Inc. (NYSE:RHP) to report sales of $295.01 million for the current quarter, Zacks reports. Five analysts have issued estimates for Ryman Hospitality Properties’ earnings, with the highest sales estimate coming in at $299.43 million and the lowest estimate coming in at $288.10 million. Ryman Hospitality Properties posted sales of $296.22 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full year sales of $295.01 million for the current financial year, with estimates ranging from $1.16 billion to $1.19 billion. For the next year, analysts anticipate that the business will post sales of $1.23 billion per share, with estimates ranging from $1.20 billion to $1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Ryman Hospitality Properties.
RHP has been the subject of several recent analyst reports. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, May 4th. BidaskClub upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, UBS AG lowered Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.60.
In related news, EVP Bennett D. Westbrook sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $66.86, for a total value of $668,600.00. Following the completion of the sale, the executive vice president now owns 18,744 shares in the company, valued at $1,253,223.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer L. Hutcheson sold 3,644 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total value of $242,508.20. Following the completion of the sale, the senior vice president now owns 8,845 shares of the company’s stock, valued at approximately $588,634.75. The disclosure for this sale can be found here. Insiders sold 63,644 shares of company stock valued at $4,085,008 in the last quarter. 3.40% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in RHP. Bank of New York Mellon Corp raised its stake in shares of Ryman Hospitality Properties by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 725,672 shares of the real estate investment trust’s stock worth $44,868,000 after buying an additional 49,384 shares during the last quarter. Teachers Advisors LLC raised its stake in Ryman Hospitality Properties by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 84,287 shares of the real estate investment trust’s stock worth $5,311,000 after buying an additional 1,743 shares in the last quarter. Pioneer Investment Management Inc. bought a new stake in Ryman Hospitality Properties during the first quarter worth $1,619,000. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 3.1% in the first quarter. Vanguard Group Inc. now owns 8,022,291 shares of the real estate investment trust’s stock worth $496,017,000 after buying an additional 241,997 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Ryman Hospitality Properties by 36.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 89.18% of the company’s stock.
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Shares of Ryman Hospitality Properties (NYSE:RHP) opened at 61.86 on Tuesday. The firm has a 50-day moving average price of $64.06 and a 200 day moving average price of $63.35. Ryman Hospitality Properties has a 12-month low of $47.31 and a 12-month high of $67.97. The stock has a market cap of $3.13 billion, a PE ratio of 19.15 and a beta of 1.15.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 19th were issued a $0.80 dividend. The ex-dividend date was Thursday, June 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.17%. Ryman Hospitality Properties’s payout ratio is 99.07%.
Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.
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