Ryman Hospitality Properties (NYSE:RHP) – Equities research analysts at SunTrust Banks boosted their Q2 2018 earnings per share (EPS) estimates for Ryman Hospitality Properties in a research note issued on Wednesday, May 2nd. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will earn $1.80 per share for the quarter, up from their previous estimate of $1.74. SunTrust Banks has a “Outperform” rating and a $70.00 price target on the stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q3 2018 earnings at $1.18 EPS, Q1 2019 earnings at $1.44 EPS, Q2 2019 earnings at $2.10 EPS, Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $2.13 EPS and FY2019 earnings at $7.09 EPS.
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Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.66). The company had revenue of $288.40 million during the quarter, compared to analyst estimates of $283.46 million. Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.12%. Ryman Hospitality Properties’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS.
Several other analysts have also commented on the company. Citigroup raised Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Friday, April 6th. ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Bank of America boosted their price target on Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Deutsche Bank boosted their price target on Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Zacks Investment Research lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus price target of $78.83.
Shares of RHP stock opened at $79.56 on Friday. The firm has a market capitalization of $4,059.27, a P/E ratio of 14.31, a P/E/G ratio of 1.70 and a beta of 1.18. Ryman Hospitality Properties has a one year low of $57.78 and a one year high of $80.04.
Institutional investors have recently bought and sold shares of the business. Delpha Capital Management LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth $119,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Ryman Hospitality Properties in the first quarter worth $201,000. Zeke Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the first quarter worth $203,000. Suntrust Banks Inc. acquired a new position in Ryman Hospitality Properties in the fourth quarter worth $205,000. Finally, FCA Corp TX acquired a new position in Ryman Hospitality Properties in the fourth quarter worth $209,000. 86.54% of the stock is currently owned by institutional investors.
In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 6,142 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, April 17th. The shares were bought at an average price of $79.34 per share, with a total value of $487,306.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $3.40 dividend on an annualized basis and a yield of 4.27%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s payout ratio is currently 61.15%.
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 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.