Ryman Hospitality Properties, Inc. (NYSE:RHP) issued its earnings results on Tuesday. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.03, Briefing.com reports. The company had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. Ryman Hospitality Properties had a net margin of 14.23% and a return on equity of 46.25%. Ryman Hospitality Properties’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS.

Ryman Hospitality Properties (NYSE RHP) traded down 1.269% on Tuesday, reaching $61.075. 92,319 shares of the company’s stock traded hands. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 18.909 and a beta of 1.15. Ryman Hospitality Properties has a 52-week low of $47.31 and a 52-week high of $67.97. The company’s 50 day moving average is $64.06 and its 200-day moving average is $63.35.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders 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%.

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A number of equities research analysts have recently issued reports on RHP shares. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Thursday, May 4th. BidaskClub raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. UBS AG cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.60.

In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 10,000 shares of Ryman Hospitality Properties stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $63.90, for a total value of $639,000.00. Following the sale, the chief executive officer now owns 101,930 shares of the company’s stock, valued at $6,513,327. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Colin V. Reed sold 30,000 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the sale, the chief executive officer now directly owns 101,930 shares in the company, valued at approximately $6,466,439.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,644 shares of company stock worth $4,085,008. 3.40% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. James Investment Research Inc. bought a new stake in shares of Ryman Hospitality Properties during the first quarter valued at approximately $141,000. Creative Planning raised its stake in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Ryman Hospitality Properties during the second quarter valued at approximately $258,000. 89.18% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

Earnings History for Ryman Hospitality Properties (NYSE:RHP)

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