Core Points - Ryman Hospitality Properties, Inc. has declared a third quarter cash dividend of $1.10 per share, payable on October 15, 2024, to stockholders of record as of September 30, 2024 [1] - The company has corrected its methodology for calculating funds from operations (FFO) per diluted share and adjusted FFO per diluted share, resulting in slightly higher figures for affected periods [2][3] - The corrected methodology will be used for future calculations and will also impact the full year 2024 adjusted FFO per diluted share guidance, which is expected to be slightly higher [2] Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences [5] - The company's portfolio includes five of the top seven largest non-gaming convention center hotels in the U.S., managed by Marriott International, totaling 11,414 rooms and over 3 million square feet of meeting space [5] - Ryman also owns a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [5]

Core Insights - The primary focus for income investors is generating consistent cash flow from liquid investments, including dividends, which are a significant component of long-term returns [1][2] Company Overview - Ryman Hospitality Properties (RHP), based in Nashville, operates in the Finance sector and has experienced a share price decline of 5.23% this year [3] - RHP currently pays a dividend of $1.1 per share, resulting in a dividend yield of 4.22%, which is lower than the industry average of 4.54% but significantly higher than the S&P 500's yield of 1.55% [3] Dividend Analysis - The annualized dividend of RHP is $4.40, reflecting a 14.3% increase from the previous year [4] - Over the past five years, RHP has increased its dividend twice, averaging an annual increase of 0.71% [4] - The company's current payout ratio is 54%, indicating that it distributes 54% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2024, RHP is expected to achieve solid earnings growth, with the Zacks Consensus Estimate predicting earnings of $8.20 per share, a 1.36% increase from the previous year [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - RHP is positioned as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures ...

This press release corrects a clerical error regarding the omission of pro rata adjustments from joint ventures and loss on extinguishment of debt in the reconciliation to net income of funds from operations and adjusted funds from operations in the prior version of the press release issued on July 31, 2024. There are no other changes to the prior version of the press release, and the amount of funds from operations and adjusted funds from operations for the periods presented remains unchanged from the prio ...

For the quarter ended June 2024, Ryman Hospitality Properties (RHP) reported revenue of $613.29 million, up 21.5% over the same period last year. EPS came in at $2.78, compared to $1.15 in the year-ago quarter. The reported revenue represents a surprise of +2.66% over the Zacks Consensus Estimate of $597.43 million. With the consensus EPS estimate being $2.28, the EPS surprise was +21.93%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

Ryman Hospitality Properties (RHP) came out with quarterly funds from operations (FFO) of $2.78 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 21.93%. A quarter ago, it was expected that this hotel and resort real estate investment trust would post FFO of $1.75 per share when it actually produced FFO of $1.60, delivering a surprise o ...

NASHVILLE, Tenn., July 31, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust ("REIT") specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three and six months ended June 30, 2024. Second Quarter 2024 Highlights and Recent Developments: The Company generated record second quarter net income of $104.7 million and record second quarter net income available to common stockhold ...

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center ho ...

NASHVILLE, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) ("RHP"), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and country music entertainment experiences, today announced that it will present to investors attending the 2024 REITweek Conference being held in New York, NY, on Tuesday, June 4, at 2:15 p.m. ET. Mark Fioravanti, President and Chief Executive Officer, will participate ...

NASHVILLE, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) ("RHP"), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and country music entertainment experiences, announced today that it will release its second quarter 2024 earnings results after the market closes on Wednesday, July 31, 2024. Management will hold a conference call to discuss the quarter's results at 11:00 a.m. ET on Thur ...