Ryman Hospitality Properties Inc (RHP) Short Interest Up 56.3% in August

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Ryman Hospitality Properties Inc (NYSE:RHP) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,013,422 shares, a growth of 56.3% from the August 15th total of 648,318 shares. Based on an average daily volume of 294,583 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.0% of the company’s stock are sold short.

A number of large investors have recently bought and sold shares of RHP. Wells Fargo & Company MN grew its stake in Ryman Hospitality Properties by 7.1% in the first quarter. Wells Fargo & Company MN now owns 384,093 shares of the real estate investment trust’s stock worth $29,748,000 after purchasing an additional 25,321 shares in the last quarter. SG Americas Securities LLC grew its stake in Ryman Hospitality Properties by 36.0% in the first quarter. SG Americas Securities LLC now owns 9,779 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 2,591 shares in the last quarter. Swiss National Bank grew its stake in Ryman Hospitality Properties by 2.2% in the first quarter. Swiss National Bank now owns 80,200 shares of the real estate investment trust’s stock worth $6,211,000 after purchasing an additional 1,700 shares in the last quarter. Northern Trust Corp grew its stake in Ryman Hospitality Properties by 3.5% in the first quarter. Northern Trust Corp now owns 951,598 shares of the real estate investment trust’s stock worth $73,701,000 after purchasing an additional 32,057 shares in the last quarter. Finally, Signature Financial Management Inc. acquired a new position in Ryman Hospitality Properties in the first quarter worth about $206,000. Institutional investors and hedge funds own 85.09% of the company’s stock.

A number of analysts have recently issued reports on the company. Bank of America lifted their target price on Ryman Hospitality Properties from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Citigroup set a $98.00 target price on Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Monday, September 17th. Deutsche Bank set a $94.00 target price on Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Saturday, September 15th. Finally, Zacks Investment Research lowered Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryman Hospitality Properties presently has a consensus rating of “Buy” and an average price target of $87.50.

Shares of NYSE RHP traded down $1.45 during midday trading on Friday, reaching $77.17. 371,865 shares of the company’s stock were exchanged, compared to its average volume of 286,686. Ryman Hospitality Properties has a 52-week low of $63.90 and a 52-week high of $90.02. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.99 and a beta of 1.26. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.28 and a current ratio of 1.28.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.68). The business had revenue of $333.90 million for the quarter, compared to analysts’ expectations of $329.60 million. Ryman Hospitality Properties had a return on equity of 48.96% and a net margin of 14.53%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, research analysts predict that Ryman Hospitality Properties will post 5.9 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.40 dividend on an annualized basis and a yield of 4.41%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.15%.

Ryman Hospitality Properties Company Profile

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.

See Also: Risk Tolerance

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