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Ryman Hospitality Properties

NYSE:RHP
Snowflake Description

Average dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RHP
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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 last earnings update was 13 days ago. More info.


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RHP Share Price and Events
7 Day Returns
1.6%
NYSE:RHP
1.8%
US REITs
-0.7%
US Market
1 Year Returns
3.9%
NYSE:RHP
16.3%
US REITs
3%
US Market
RHP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ryman Hospitality Properties (RHP) 1.6% 5% 0.5% 3.9% 74.7% 87.5%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • RHP underperformed the REITs industry which returned 16.3% over the past year.
Price Volatility
RHP
Industry
5yr Volatility vs Market

RHP Value

 Is Ryman Hospitality Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ryman Hospitality Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ryman Hospitality Properties.

NYSE:RHP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:RHP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (59.65%))
0.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.853 * 5.96%)
7.82%

Discounted Cash Flow Calculation for NYSE:RHP using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Ryman Hospitality Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Ryman Hospitality Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:RHP DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.82%)
2019 313.72 Analyst x2 290.97
2020 341.05 Analyst x2 293.39
2021 325.39 Analyst x1 259.63
2022 332.12 Est @ 2.07% 245.79
2023 339.66 Est @ 2.27% 233.14
2024 347.83 Est @ 2.41% 221.44
2025 356.54 Est @ 2.5% 210.53
2026 365.71 Est @ 2.57% 200.29
2027 375.29 Est @ 2.62% 190.64
2028 385.24 Est @ 2.65% 181.51
Present value of next 10 years cash flows $2,327.33
NYSE:RHP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $385.24 × (1 + 2.73%) ÷ (7.82% – 2.73%)
$7,780.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,780.91 ÷ (1 + 7.82%)10
$3,665.95
NYSE:RHP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,327.33 + $3,665.95
$5,993.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,993.28 / 50.84
$117.89
NYSE:RHP Discount to Share Price
Calculation Result
Value per share (USD) From above. $117.89
Current discount Discount to share price of $85.39
= -1 x ($85.39 - $117.89) / $117.89
27.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ryman Hospitality Properties is available for.
Intrinsic value
28%
Share price is $85.39 vs Future cash flow value of $117.89
Current Discount Checks
For Ryman Hospitality Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ryman Hospitality Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ryman Hospitality Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ryman Hospitality Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ryman Hospitality Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:RHP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.20
NYSE:RHP Share Price ** NYSE (2019-05-17) in USD $85.39
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ryman Hospitality Properties.

NYSE:RHP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RHP Share Price ÷ EPS (both in USD)

= 85.39 ÷ 5.20

16.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryman Hospitality Properties is good value based on earnings compared to the US REITs industry average.
  • Ryman Hospitality Properties is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ryman Hospitality Properties's expected growth come at a high price?
Raw Data
NYSE:RHP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
0.7%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:RHP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.43x ÷ 0.7%

22.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryman Hospitality Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ryman Hospitality Properties's assets?
Raw Data
NYSE:RHP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.66
NYSE:RHP Share Price * NYSE (2019-05-17) in USD $85.39
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:RHP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RHP Share Price ÷ Book Value per Share (both in USD)

= 85.39 ÷ 8.66

9.86x

* Primary Listing of Ryman Hospitality Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryman Hospitality Properties is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Ryman Hospitality Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Ryman Hospitality Properties has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RHP Future Performance

 How is Ryman Hospitality Properties expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ryman Hospitality Properties expected to grow at an attractive rate?
  • Ryman Hospitality Properties's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ryman Hospitality Properties's earnings growth is positive but not above the United States of America market average.
  • Ryman Hospitality Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:RHP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RHP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 0.7%
NYSE:RHP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:RHP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RHP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,712 203 1
2020-12-31 1,657 391 181 6
2019-12-31 1,571 359 140 6
NYSE:RHP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,354 333 267
2018-12-31 1,269 322 265
2018-09-30 1,253 305 178
2018-06-30 1,225 314 179
2018-03-31 1,191 301 171
2017-12-31 1,180 296 176
2017-09-30 1,156 310 152
2017-06-30 1,163 281 162
2017-03-31 1,161 279 166
2016-12-31 1,146 294 159
2016-09-30 1,139 283 150
2016-06-30 1,119 286 143

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ryman Hospitality Properties's earnings are expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
  • Ryman Hospitality Properties's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RHP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Ryman Hospitality Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RHP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.65 3.93 3.37 2.00
2019-12-31 2.84 2.86 2.82 2.00
NYSE:RHP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.20
2018-12-31 5.16
2018-09-30 3.47
2018-06-30 3.50
2018-03-31 3.34
2017-12-31 3.44
2017-09-30 2.97
2017-06-30 3.17
2017-03-31 3.25
2016-12-31 3.12
2016-09-30 2.94
2016-06-30 2.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ryman Hospitality Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ryman Hospitality Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ryman Hospitality Properties has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RHP Past Performance

  How has Ryman Hospitality Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ryman Hospitality Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ryman Hospitality Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Ryman Hospitality Properties's 1-year earnings growth exceeds its 5-year average (56.2% vs 19%)
  • Ryman Hospitality Properties's earnings growth has exceeded the US REITs industry average in the past year (56.2% vs 16%).
Earnings and Revenue History
Ryman Hospitality Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ryman Hospitality Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RHP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,353.72 266.74 79.38
2018-12-31 1,268.72 264.67 78.46
2018-09-30 1,252.92 177.79 75.74
2018-06-30 1,225.48 179.07 77.23
2018-03-31 1,190.83 170.82 76.02
2017-12-31 1,180.32 176.10 73.45
2017-09-30 1,156.00 151.88 69.12
2017-06-30 1,163.25 161.60 67.56
2017-03-31 1,160.57 165.64 66.50
2016-12-31 1,146.41 159.37 65.30
2016-09-30 1,139.47 150.17 66.55
2016-06-30 1,118.80 143.27 66.23
2016-03-31 1,096.48 133.33 65.81
2015-12-31 1,088.52 111.51 66.52
2015-09-30 1,068.02 134.83 63.47
2015-06-30 1,062.61 123.26 62.29
2015-03-31 1,047.69 104.91 61.86
2014-12-31 1,040.99 121.04 60.88
2014-09-30 1,015.45 88.93 55.80
2014-06-30 991.64 92.03 54.55
2014-03-31 978.91 80.49 55.13
2013-12-31 954.56 113.48 55.09
2013-09-30 954.82 68.56 50.19
2013-06-30 961.75 23.65 55.71
2013-03-31 969.90 21.13 62.35
2012-12-31 986.70 -26.64 69.02
2012-09-30 989.78 -6.64 88.32
2012-06-30 987.65 18.38 120.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Ryman Hospitality Properties has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Ryman Hospitality Properties used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Ryman Hospitality Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ryman Hospitality Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ryman Hospitality Properties has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RHP Health

 How is Ryman Hospitality Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ryman Hospitality Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ryman Hospitality Properties's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ryman Hospitality Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ryman Hospitality Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ryman Hospitality Properties Company Filings, last reported 1 month ago.

NYSE:RHP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 731.58 2,589.44 94.87
2018-12-31 757.01 2,441.90 103.44
2018-09-30 357.50 1,693.43 86.03
2018-06-30 373.69 1,674.79 61.78
2018-03-31 359.92 1,649.30 59.04
2017-12-31 378.16 1,591.39 57.56
2017-09-30 351.40 1,566.75 62.67
2017-06-30 365.33 1,560.67 49.61
2017-03-31 357.48 1,536.81 33.98
2016-12-31 368.00 1,502.55 59.13
2016-09-30 350.20 1,486.84 35.86
2016-06-30 356.97 1,493.63 50.73
2016-03-31 342.30 1,480.92 57.15
2015-12-31 379.56 1,431.71 56.29
2015-09-30 373.39 1,469.58 40.34
2015-06-30 381.53 1,493.24 41.32
2015-03-31 371.67 1,511.40 53.00
2014-12-31 401.41 1,319.91 76.41
2014-09-30 587.39 1,508.68 279.53
2014-06-30 595.22 1,280.12 77.84
2014-03-31 749.14 1,154.05 55.42
2013-12-31 757.70 1,154.42 61.58
2013-09-30 742.02 1,174.81 52.09
2013-06-30 790.01 1,154.66 44.40
2013-03-31 832.64 1,092.08 44.85
2012-12-31 853.60 1,031.86 97.17
2012-09-30 893.68 1,148.46 24.23
2012-06-30 1,068.21 1,035.21 29.50
  • Ryman Hospitality Properties's level of debt (354%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (154.6% vs 354% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Ryman Hospitality Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ryman Hospitality Properties has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RHP Dividends

 What is Ryman Hospitality Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.22%
Current annual income from Ryman Hospitality Properties dividends. Estimated to be 4.38% next year.
If you bought $2,000 of Ryman Hospitality Properties shares you are expected to receive $84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ryman Hospitality Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Ryman Hospitality Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:RHP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RHP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 4.36 1.00
2020-12-31 3.79 6.00
2019-12-31 3.59 6.00
NYSE:RHP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 3.600 4.238
2019-02-26 3.600 4.372
2018-12-07 3.400 4.535
2018-09-17 3.400 4.337
2018-06-18 3.400 4.014
2018-02-23 3.400 4.337
2017-12-08 3.200 4.486
2017-09-18 3.200 4.903
2017-06-09 3.200 5.168
2017-02-28 3.200 5.082
2016-12-02 3.000 4.782
2016-09-14 3.000 5.824
2016-06-13 3.000 5.653
2016-05-05 3.000 5.949
2016-05-03 3.000 5.797
2016-02-26 3.000 5.920
2015-12-04 2.800 5.765
2015-11-05 2.800 5.131
2015-11-03 2.800 5.024
2015-08-06 2.800 5.362
2015-08-04 2.800 5.228
2015-06-09 2.600 4.675
2015-05-07 2.600 4.667
2015-05-06 2.600 4.616
2015-02-26 2.600 4.291
2014-12-05 2.200 3.998
2014-09-19 2.200 4.552
2014-05-06 2.200 4.609
2014-03-03 2.200 4.980
2014-02-28 2.200 5.219
2013-12-05 2.000 4.772
2013-09-16 2.000 5.299
2013-06-04 2.000 5.611
2013-02-15 2.000 4.595

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Ryman Hospitality Properties has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ryman Hospitality Properties only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Ryman Hospitality Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (97.8x coverage).
X
Income/ dividend checks
We assess Ryman Hospitality Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ryman Hospitality Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ryman Hospitality Properties has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RHP Management

 What is the CEO of Ryman Hospitality Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Colin Reed
COMPENSATION $4,992,700
AGE 70
TENURE AS CEO 18.1 years
CEO Bio

Mr. Colin V. Reed serves as the President at RHP Property GT, LLC. Mr. Reed has been the Chief Executive Officer of Ryman Hospitality Properties, Inc. since April 2001. Mr. Reed serves as the Chief Executive Officer at Gaylord Hotels LLC since May 2001. He serves as the Chief Executive Officer and President at Resort Rental Vacations, LLC., and Abbott & Andrews Realty, LLC. He also serves as the President at Opryland Hospitality LLC. He served as President at Ryman Hospitality Properties, Inc. since November 2012 until March 2015 and previously served as its President since April 2001 until November 2008. He served as President at Gaylord Hotels LLC. He served as the President at RHP Hotels, LLC. He served as the President at Ryman Hospitality Properties, Inc from April 2001 to November 2008. He served as Senior Vice President for development at Promus Companies Inc. Mr. Reed served as Chief Financial Officer at Harrah's Entertainment Inc. from April 1997 to 2001, a member of the three-executive Office of the President of Harrah's from May 1999 to 2001. He joined the firm in 1977 and served as its Financial Controller for its former Holiday Inn International Division, with accounting responsibility for operations in the United Kingdom. He served in various Executive capacities including Senior Vice President of Development where he oversaw the growth of Harrah's Casinos and served as its Chief Financial Officer from 1997 to 2001 and served as its Chief Development Officer. He served as an Executive Vice President of Harrah's Entertainment from September 1995 to May 1999. He served as Head of Finance and Administration for Holiday Inn International European Division in 1981. He has been the Chairman of Gaylord Hotels Inc. since May 5, 2005. He has been the Chairman of Ryman Hospitality Properties, Inc. since May 5, 2005 and has been its Director since April 2001. He was the Chairman of JCC Holding Company, Inc. Mr. Reed has been a Director of First Horizon National Corporation since April 18, 2006 and also serves as its Lead Director. He serves as a Director of First Tennessee Bank National Association Bank. He serves as a Director of JCC Holding Company, Inc. and Bass Pro Inc. He serves as Director of Gaylord Hotels LLC., and Caesars Entertainment Corporation. He served as a Director of Rite Aid Corp., from 2003 to July 11, 2005. He was a Director at ResortQuest International, Inc., and Sodak Gaming Inc. He served as a Director of Harrah's from 1998 to 2001. He is active in the Nashville community, on several area boards - including the Nashville Area Chamber of Commerce, the Nashville Convention & Visitors Bureau and Tennessee Performing Arts Center. Mr. Reed is a fellow in the British Association of Hotel Accountants.

CEO Compensation
  • Colin's compensation has been consistent with company performance over the past year.
  • Colin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ryman Hospitality Properties management team in years:

6.3
Average Tenure
47.5
Average Age
  • The average tenure for the Ryman Hospitality Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Colin Reed

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
70
TENURE
18.1 yrs

Mark Fioravanti

TITLE
President & CFO
COMPENSATION
$2M
AGE
56
TENURE
4.2 yrs

Scott Lynn

TITLE
Executive VP
COMPENSATION
$1M
AGE
44
TENURE
6.3 yrs

Bennett Westbrook

TITLE
Executive VP & Chief Development Officer
COMPENSATION
$1M
AGE
51
TENURE
2.9 yrs

Jennifer Hutcheson

TITLE
Senior VP
AGE
40

Todd Siefert

TITLE
Vice President

Brian Abrahamson

TITLE
Senior Vice President of Corporate Communications

Johann Krieger

TITLE
Senior VP and GM of Gaylord Palms Resort & Convention Center
TENURE
9.3 yrs

Steve Buchanan

TITLE
Executive VP & President of Opry Entertainment Group

Ray Keeler

TITLE
Director of Strategic Planning & IR
AGE
42
Board of Directors Tenure

Average tenure and age of the Ryman Hospitality Properties board of directors in years:

3.2
Average Tenure
48
Average Age
  • The tenure for the Ryman Hospitality Properties board of directors is about average.
Board of Directors

Colin Reed

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
70
TENURE
14 yrs

Michael Roth

TITLE
Lead Independent Director
COMPENSATION
$211K
AGE
73

Bob Prather

TITLE
Director
COMPENSATION
$176K
AGE
73
TENURE
10 yrs

Patrick Moore

TITLE
Director
COMPENSATION
$186K
AGE
48
TENURE
4 yrs

Rachna Bhasin

TITLE
Director
COMPENSATION
$167K
AGE
45
TENURE
3.2 yrs

Alvin Bowles

TITLE
Director
COMPENSATION
$167K
AGE
44
TENURE
2 yrs

Fazal Merchant

TITLE
Director
COMPENSATION
$167K
AGE
44
TENURE
1.5 yrs

Chris Pantoya

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Ryman Hospitality Properties insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Sell Scott Lynn Individual 10. May 19 10. May 19 -3,250 $83.05 $-269,913
14. Mar 19 Sell Jennifer Hutcheson Individual 14. Mar 19 14. Mar 19 -1,892 $82.39 $-155,875
12. Mar 19 Sell Patrick Chaffin Individual 12. Mar 19 12. Mar 19 -2,000 $83.39 $-166,781
04. Mar 19 Buy Colin Reed Individual 04. Mar 19 04. Mar 19 6,106 $82.46 $503,508
29. Nov 18 Sell Alvin Bowles Individual 11. Nov 18 11. Nov 18 -1,326 $75.76 $-100,459
14. Nov 18 Buy Colin Reed Individual 12. Nov 18 12. Nov 18 13,031 $75.83 $988,120
04. Sep 18 Sell Associated Capital Group Inc, Asset Management Arm Company 06. Aug 18 30. Aug 18 -3,000 $88.90 $-257,479
04. Sep 18 Sell Gabelli Foundation Inc, Endowment Arm Company 13. Jul 18 13. Aug 18 -2,100 $83.45 $-175,087
04. Sep 18 Sell Gabelli & Company Investment Advisers, Inc. Company 29. Aug 18 29. Aug 18 -1,400 $88.85 $-124,384
04. Sep 18 Sell GAMCO Investors, Inc. Company 05. Jul 18 31. Aug 18 -145,105 $89.30 $-6,006,690
04. Sep 18 Buy GAMCO Investors, Inc. Company 05. Jul 18 27. Aug 18 447 $87.28 $0
04. Sep 18 Sell Mario Gabelli Individual 23. Jul 18 06. Aug 18 -19,238 $84.40 $-36,967
20. Jun 18 Sell Jennifer Hutcheson Individual 19. Jun 18 19. Jun 18 -2,428 $83.15 $-201,888
15. Jun 18 Sell Scott Lynn Individual 14. Jun 18 14. Jun 18 -2,500 $83.34 $-208,350
29. May 18 Sell Patrick Chaffin Individual 25. May 18 25. May 18 -12,000 $82.48 $-989,760
22. May 18 Sell Bennett Westbrook Individual 21. May 18 21. May 18 -5,000 $81.81 $-409,050
X
Management checks
We assess Ryman Hospitality Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ryman Hospitality Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RHP News

Simply Wall St News

Is Ryman Hospitality Properties, Inc.'s (NYSE:RHP) 36% ROE Better Than Average?

See our latest analysis for Ryman Hospitality Properties How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Ryman Hospitality Properties: 36% = US$267m ÷ US$732m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Ryman Hospitality Properties's Debt And Its 36% Return On Equity We think Ryman Hospitality Properties uses a lot of debt to boost returns, as it has a relatively high debt to equity ratio of 3.54.

Simply Wall St -

Square, Inc.'s (NYSE:SQ) Shift From Loss To Profit

The US$29b market-cap posted a loss in its most recent financial year of -US$38.5m and a latest trailing-twelve-month loss of -US$52.6m leading to an even wider gap between loss and breakeven.The most pressing concern for investors is SQ’s path to profitability – when will it breakeven?I’ve put together a brief outline of industry analyst expectations for SQ, its year of breakeven and its implied growth rate.Check out our latest analysis for Square According to the 30 industry analysts covering SQ, the consensus is breakeven is near.They expect the company to post a final loss in 2019, before turning a profit of US$125m in 2020.So, SQ is predicted to breakeven approximatelya few months from now.In order to meet this breakeven date, I calculated the rate at which SQ must grow year-on-year. … It turns out an average annual growth rate of 56% is expected, which is extremely buoyant.Should the business grow at a slower rate, it will become profitable at a later date than expected.NYSE:SQ Past and Future Earnings, May 8th 2019Given this is a high-level overview, I won’t go into details of SQ’s upcoming projects,though,bear in mind that typicallya high growth rate is not out of the ordinary, particularly when a company is in a period of investment.Before I wrap up, there’s one issue worth mentioning. … For a more comprehensive look at SQ, take a look atSQ’s company page on Simply Wall St.

Simply Wall St -

Here's Why We Think Ryman Hospitality Properties (NYSE:RHP) Is Well Worth Watching

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Ryman Hospitality Properties (NYSE:RHP). … Not all of Ryman Hospitality Properties's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … Ryman Hospitality Properties maintained stable EBIT margins over the last year, all while growing revenue 7.5% to US$1.3b.

Simply Wall St -

Does Ryman Hospitality Properties, Inc. (NYSE:RHP) Have A Place In Your Portfolio?

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Ryman Hospitality Properties is a new dividend aristocrat in the making. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Read This Before Buying Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … Ryman Hospitality Properties Insider Transactions Over The Last Year. … All up, insiders sold more shares in Ryman Hospitality Properties than they bought, over the last year

Simply Wall St -

How Should You Analyze REIT Stock Ryman Hospitality Properties, Inc. (NYSE:RHP)?

Ryman Hospitality Properties, Inc. … real estate investment trust (REIT) based in Nashville, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

What Did Ryman Hospitality Properties, Inc.'s (NYSE:RHP) CEO Take Home Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Colin Reed's Compensation Compare With Similar Sized Companies. … is worth US$3.7b, and total annual CEO compensation is US$5.8m.

Simply Wall St -

These Fundamentals Make Ryman Hospitality Properties Inc (NYSE:RHP) Truly Worth Looking At

Attractive stocks have exceptional fundamentals. … In the case of Ryman Hospitality Properties Inc (NYSE:RHP), there's

Simply Wall St -

Is It Time To Consider Buying Ryman Hospitality Properties Inc (NYSE:RHP)?

Ryman Hospitality Properties Inc (NYSE:RHP), which is in the reits business, and is based in United States,. … A question to answer is whether Ryman Hospitality Properties's current trading price of $76.17 reflective of the actual value of the? … Let’s take a look at Ryman Hospitality Properties’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

A Closer Look At Ryman Hospitality Properties Inc's (NYSE:RHP) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding Ryman Hospitality Properties Inc (NYSE:RHP). … Our data shows Ryman Hospitality Properties has a return on equity of 48% for the last year. … View our latest analysis for Ryman Hospitality Properties?

Simply Wall St -

RHP Company Info

Description

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. The Company is a joint venture owner of the 1,501-room Gaylord Rockies Resort & Convention Center, which is also managed by Marriott International, Inc. under the Gaylord Hotels brand. Other owned assets managed by Marriott International, Inc. include Gaylord Springs Golf Links, the Wildhorse Saloon, the General Jackson Showboat, The Inn at Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland and AC Hotel Washington, DC at National Harbor, a 192-room hotel near Gaylord National. The Company also owns and operates media and entertainment assets, including the Grand Ole Opry (opry.com), the legendary weekly showcase of country music’s finest performers for over 90 years; the Ryman Auditorium, the storied former home of the Grand Ole Opry located in downtown Nashville; 650 AM WSM, the Opry’s radio home; and Ole Red, a country lifestyle and entertainment brand.

Details
Name: Ryman Hospitality Properties, Inc.
RHP
Exchange: NYSE
Founded: 1955
$4,341,026,250
50,837,642
Website: http://www.rymanhp.com
Address: Ryman Hospitality Properties, Inc.
One Gaylord Drive,
Nashville,
Tennessee, 37214,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RHP Common Stock New York Stock Exchange US USD 01. Oct 1997
DB 4RH Common Stock Deutsche Boerse AG DE EUR 01. Oct 1997
Number of employees
Current staff
Staff numbers
812
Ryman Hospitality Properties employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:32
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.