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Ryman Hospitality Properties (RHP) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-08-09 16:47
Company Overview - Ryman Hospitality Properties (RHP) is headquartered in Nashville and operates in the Finance sector, specifically as a hotel and resort real estate investment trust (REIT) [3] - The stock has experienced a price decline of 10.86% since the beginning of the year [3] Dividend Information - RHP currently pays a dividend of $1.1 per share, resulting in a dividend yield of 4.48%, which is slightly below the REIT and Equity Trust - Other industry's yield of 4.59% and significantly higher than the S&P 500's yield of 1.63% [3] - The annualized dividend of $4.40 represents a 14.3% increase from the previous year [4] - Over the past five years, RHP has increased its dividend two times year-over-year, with an average annual increase of 0.71% [4] - The current payout ratio for RHP is 54%, indicating that the company pays out 54% of its trailing 12-month earnings per share (EPS) as dividends [4] Earnings Growth Expectations - For the fiscal year 2024, RHP anticipates solid earnings growth, with the Zacks Consensus Estimate projecting an EPS of $8.11, reflecting a year-over-year growth rate of 0.25% [5] Investment Considerations - RHP is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is positioned as a strong dividend play, appealing to income investors despite the general trend of high-yielding stocks facing challenges during periods of rising interest rates [7]
CORRECTION -- Ryman Hospitality Properties, Inc. Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-08-01 14:20
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 ...
Ryman Hospitality Properties (RHP) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-01 02:31
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) Q2 FFO and Revenues Top Estimates
ZACKS· 2024-07-31 23:46
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 ...
Ryman Hospitality Properties, Inc. Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-31 20:15
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. to Present at the 2024 REITweek Conference – Tuesday, June 4, 2024, 2:15 p.m. ET
globenewswire.com· 2024-05-21 20:20
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 ...
Ryman Hospitality Properties, Inc. to Present at the 2024 REITweek Conference – Tuesday, June 4, 2024, 2:15 p.m. ET
Newsfilter· 2024-05-21 20:20
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 ...
Ryman Hospitality Properties, Inc. Announces Second Quarter 2024 Earnings Conference Call – Thursday, August 1, 2024, 11 a.m. ET
globenewswire.com· 2024-05-21 20:15
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 ...
Ryman Hospitality Properties(RHP) - 2024 Q1 - Earnings Call Transcript
2024-05-02 21:32
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q1 2024 Earnings Conference Call May 2, 2024 1:00 PM ET Company Participants Jennifer Hutcheson - Chief Financial Officer Colin Reed - Executive Chairman Mark Fioravanti - President & Chief Executive Officer Patrick Chaffin - Chief Operating Officer Patrick Moore - Chief Executive Officer, Opry Entertainment Group Conference Call Participants Chris Woronka - Deutsche Bank Bill Crow - Raymond James Smedes Rose - Citi Shaun Kelley - Bank of America Dori Kesten - ...
Ryman Hospitality Properties(RHP) - 2024 Q1 - Quarterly Report
2024-05-02 19:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13079 RYMAN HOSPITALITY PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 73-0664379 (State or Other Jurisdiction o ...