Analysts predict that Ryman Hospitality Properties Inc (NYSE:RHP) will report sales of $364.96 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings, with the lowest sales estimate coming in at $356.48 million and the highest estimate coming in at $372.20 million. Ryman Hospitality Properties posted sales of $288.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.6%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, May 7th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full-year sales of $1.56 billion for the current year, with estimates ranging from $1.51 billion to $1.61 billion. For the next financial year, analysts forecast that the company will report sales of $1.66 billion, with estimates ranging from $1.61 billion to $1.73 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ryman Hospitality Properties.
RHP has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a report on Thursday, February 28th. Finally, Deutsche Bank raised their target price on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $91.40.
In related news, EVP Patrick S. Chaffin sold 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $83.39, for a total transaction of $166,780.00. Following the completion of the sale, the executive vice president now owns 14,759 shares of the company’s stock, valued at approximately $1,230,753.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Colin V. Reed purchased 6,106 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $82.46 per share, for a total transaction of $503,500.76. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel increased its stake in shares of Ryman Hospitality Properties by 4.7% during the fourth quarter. Aurora Investment Counsel now owns 22,743 shares of the real estate investment trust’s stock worth $1,517,000 after purchasing an additional 1,016 shares during the period. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,881,444 shares of the real estate investment trust’s stock worth $679,145,000 after buying an additional 159,056 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $260,000. Boston Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 4.8% in the fourth quarter. Boston Advisors LLC now owns 56,840 shares of the real estate investment trust’s stock valued at $3,791,000 after acquiring an additional 2,614 shares during the period. Finally, Comerica Bank grew its stake in shares of Ryman Hospitality Properties by 11.5% in the third quarter. Comerica Bank now owns 6,725 shares of the real estate investment trust’s stock valued at $497,000 after acquiring an additional 695 shares in the last quarter. 88.15% of the stock is currently owned by hedge funds and other institutional investors.
NYSE RHP traded up $0.49 on Monday, hitting $84.45. 208,048 shares of the stock were exchanged, compared to its average volume of 246,633. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 5.20. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02. The firm has a market capitalization of $4.34 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, March 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.26%. Ryman Hospitality Properties’s payout ratio is presently 61.43%.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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