Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $0.80
Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.80 per share by the real estate investment trust on Tuesday, January 16th. This represents a $3.20 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, December 28th.
Ryman Hospitality Properties has increased its dividend payment by an average of 25.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Ryman Hospitality Properties has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryman Hospitality Properties to earn $5.92 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 54.1%.
Ryman Hospitality Properties (RHP) traded down $0.22 during trading on Monday, reaching $68.25. 126,200 shares of the company’s stock traded hands, compared to its average volume of 240,995. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $3,494.14, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $70.77.
In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.
RHP has been the topic of several research analyst reports. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. SunTrust Banks reiterated a “hold” rating and set a $60.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.75.
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Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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