Ryman Hospitality Properties, Inc. (NYSE:RHP) Short Interest Update

Ryman Hospitality Properties, Inc. (NYSE:RHP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,333,794 shares, a growth of 21.6% from the December 15th total of 2,742,260 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily trading volume, of 407,634 shares, the short-interest ratio is currently 8.2 days. Based on an average daily trading volume, of 407,634 shares, the short-interest ratio is currently 8.2 days. Currently, 5.6% of the shares of the company are sold short.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,993 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the transaction, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHP. Vanguard Group Inc. grew its stake in shares of Ryman Hospitality Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after buying an additional 166,293 shares during the period. State Street Corp grew its position in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC grew its position in Ryman Hospitality Properties by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after acquiring an additional 9,629 shares during the period. American Century Companies Inc. increased its stake in Ryman Hospitality Properties by 13.6% during the second quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after acquiring an additional 144,870 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in Ryman Hospitality Properties by 21.4% during the third quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after acquiring an additional 195,330 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.4%

RHP opened at $93.46 on Wednesday. The company has a market cap of $5.89 billion, a PE ratio of 24.73, a P/E/G ratio of 2.40 and a beta of 1.22. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. The business has a 50 day moving average price of $94.89 and a two-hundred day moving average price of $94.90. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. The business had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. As a group, research analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.20 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 annualized dividend and a yield of 5.1%. Ryman Hospitality Properties’s payout ratio is 126.98%.

Wall Street Analyst Weigh In

RHP has been the subject of a number of recent analyst reports. Evercore ISI lowered their price target on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Finally, Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price for the company. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $110.27.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.