Ryman Hospitality Properties, Inc. (NYSE:RHP) Announces Dividend Increase - $1.15 Per Share

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 1.15 per share by the real estate investment trust on Wednesday, January 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10.

Ryman Hospitality Properties has a payout ratio of 89.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Ryman Hospitality Properties to earn $8.85 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 49.7%.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded up $4.74 during midday trading on Wednesday, reaching $113.04. 949,574 shares of the company traded hands, compared to its average volume of 455,771. Ryman Hospitality Properties has a 1-year low of $88.14 and a 1-year high of $122.91. The firm has a market cap of $6.77 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65. The firm's 50 day simple moving average is $106.88 and its two-hundred day simple moving average is $103.82. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.21% and a return on equity of 60.97%. The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same quarter last year, the company posted $1.73 EPS. Ryman Hospitality Properties's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Ryman Hospitality Properties will post 8.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday. They set a "buy" rating and a $130.00 price objective for the company. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company dropped 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.17.

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 stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Company Profile

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.