Ryman Hospitality Properties, Inc. (NYSE:RHP) Short Interest Down 29.8% in January

Ryman Hospitality Properties, Inc. (NYSE:RHP) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,339,368 shares, a drop of 29.8% from the December 31st total of 3,333,794 shares. Based on an average daily trading volume, of 504,833 shares, the short-interest ratio is presently 4.6 days. Approximately 3.9% of the shares of the stock are short sold. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 504,833 shares, the short-interest ratio is presently 4.6 days.

Analysts Set New Price Targets

RHP has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 target price on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Wells Fargo & Company reduced 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 research note on Monday, December 1st. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Finally, Evercore ISI cut 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. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $110.27.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $94.71 on Friday. The company has a market cap of $5.97 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.41 and a beta of 1.22. The firm’s 50 day moving average is $95.24 and its two-hundred day moving average is $94.57. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $106.74. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 EPS. Analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 126.98%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,993 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman directly 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC increased its position in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 269 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 218 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 209 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Ryman Hospitality Properties by 492.9% during the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

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.