Ryman Hospitality Properties (NYSE:RHP) Releases FY 2020 Pre-Market Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.83-7.17 for the period.

Shares of RHP traded down $5.11 during mid-day trading on Wednesday, hitting $73.93. 809,196 shares of the company traded hands, compared to its average volume of 314,826. The company has a debt-to-equity ratio of 8.63, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50-day moving average price of $86.69 and a two-hundred day moving average price of $84.87. Ryman Hospitality Properties has a 1 year low of $70.83 and a 1 year high of $91.57. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 2.31 and a beta of 1.16.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.96). Ryman Hospitality Properties had a net margin of 17.14% and a return on equity of 62.86%. The company had revenue of $446.29 million for the quarter, compared to analysts’ expectations of $433.74 million. During the same period in the previous year, the firm earned $1.64 earnings per share. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, analysts forecast that Ryman Hospitality Properties will post 6.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.95 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.90. This represents a $3.80 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Monday, March 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 61.43%.

A number of analysts have commented on RHP shares. Zacks Investment Research cut shares of Ryman Hospitality Properties from a hold rating to a sell rating in a report on Friday, February 21st. Wells Fargo & Co reduced their target price on shares of Ryman Hospitality Properties from $95.00 to $93.00 and set an overweight rating for the company in a report on Friday, January 10th. Deutsche Bank reaffirmed a buy rating and set a $106.00 target price on shares of Ryman Hospitality Properties in a report on Wednesday. SunTrust Banks reduced their target price on shares of Ryman Hospitality Properties from $85.00 to $83.00 and set a hold rating for the company in a report on Friday, November 29th. Finally, ValuEngine raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a report on Saturday, February 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $89.80.

In other news, CEO Colin V. Reed purchased 6,426 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $86.01 per share, for a total transaction of $552,700.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

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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