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

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

Analyst Upgrades and Downgrades

Several research firms have commented on RHP. Truist Financial lifted their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday. Finally, Barclays set a $109.00 target price on Ryman Hospitality Properties in a report on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.27.

Ryman Hospitality Properties Stock Performance

RHP traded up $0.09 during trading on Monday, reaching $94.79. The company’s stock had a trading volume of 376,110 shares, compared to its average volume of 357,449. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. The company’s fifty day moving average price is $94.91 and its 200-day moving average price is $94.97. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $108.42. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22.

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. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. During the same period last year, the firm earned $1.93 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

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

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,993 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were acquired 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 approximately $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.