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

Ryman Hospitality Properties, Inc. (NYSE:RHP) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,590,582 shares, an increase of 85.1% from the June 15th total of 1,399,452 shares. Based on an average daily trading volume, of 895,491 shares, the short-interest ratio is currently 2.9 days. Approximately 4.2% of the company’s stock are sold short.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $126.83 on Friday. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.26 and a beta of 1.20. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $132.41. The firm’s 50-day simple moving average is $120.01 and its two-hundred day simple moving average is $105.35.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Barclays upped their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Truist Financial increased their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Cantor Fitzgerald raised their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.27.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its holdings in Ryman Hospitality Properties by 2.0% in the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 111 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the period. Norinchukin Bank The raised its holdings in Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 119 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Ryman Hospitality Properties by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after acquiring an additional 124 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 3.1% in the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 132 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.