Ryman Hospitality Properties, Inc. (REIT) (RHP) Expected to Post Quarterly Sales of $284.06 Million

Equities research analysts forecast that Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) will report $284.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings, with estimates ranging from $280.66 million to $287.40 million. Ryman Hospitality Properties reported sales of $276.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The business is expected to announce its next earnings results on Tuesday, May 1st.

On average, analysts expect that Ryman Hospitality Properties will report full-year sales of $284.06 million for the current fiscal year, with estimates ranging from $1.25 billion to $1.28 billion. For the next year, analysts anticipate that the business will report sales of $1.33 billion per share, with estimates ranging from $1.29 billion to $1.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The business had revenue of $345.18 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the firm earned $1.51 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Several equities analysts have commented on the stock. ValuEngine raised shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Citigroup raised their target price on shares of Ryman Hospitality Properties from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 1st. Bank of America raised their target price on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, February 26th. Deutsche Bank raised their target price on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, SunTrust Banks raised their target price on shares of Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a report on Monday, February 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $76.17.

In other news, CEO Colin V. Reed bought 5,995 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average cost of $75.81 per share, with a total value of $454,480.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Ryman Hospitality Properties by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 672,774 shares of the real estate investment trust’s stock valued at $42,041,000 after purchasing an additional 15,049 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ryman Hospitality Properties by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 726 shares in the last quarter. Swiss National Bank boosted its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Swiss National Bank now owns 78,500 shares of the real estate investment trust’s stock valued at $5,418,000 after purchasing an additional 1,700 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $205,000. Finally, California Public Employees Retirement System boosted its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. California Public Employees Retirement System now owns 150,087 shares of the real estate investment trust’s stock valued at $10,359,000 after purchasing an additional 3,206 shares in the last quarter. Institutional investors own 87.13% of the company’s stock.

NYSE:RHP traded down $1.48 during mid-day trading on Wednesday, reaching $75.97. 337,853 shares of the company’s stock were exchanged, compared to its average volume of 331,886. Ryman Hospitality Properties has a one year low of $57.78 and a one year high of $78.91. The firm has a market cap of $3,965.57, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.66 and a beta of 1.16.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.85 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, March 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 61.15%.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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