Ryman Hospitality Properties, Inc. (RHP) to Distribute Quarterly Dividend of $1.20 on July 15th

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 30th will be given a dividend of 1.20 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, June 30th.

Ryman Hospitality Properties has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Ryman Hospitality Properties has a payout ratio of 101.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ryman Hospitality Properties to earn $8.64 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 55.6%.

Ryman Hospitality Properties Stock Up 0.6%

Ryman Hospitality Properties stock opened at $131.65 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties has a 1-year low of $83.82 and a 1-year high of $132.13. The company has a fifty day simple moving average of $113.40 and a 200 day simple moving average of $102.22. The company has a market cap of $8.31 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.68 and a beta of 1.22.

Wall Street Analysts Forecast Growth

RHP has been the topic of several analyst reports. Morgan Stanley upped their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald increased their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial restated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.27.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.