Short Interest in Ryman Hospitality Properties, Inc. (NYSE:RHP) Drops By 15.3%

Ryman Hospitality Properties, Inc. (NYSE:RHP) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,807,128 shares, a drop of 15.3% from the January 29th total of 2,133,094 shares. Based on an average trading volume of 496,629 shares, the short-interest ratio is presently 3.6 days. Approximately 3.0% of the company’s shares are sold short. Approximately 3.0% of the company’s shares are sold short. Based on an average trading volume of 496,629 shares, the short-interest ratio is presently 3.6 days.

Ryman Hospitality Properties Stock Up 1.2%

NYSE RHP traded up $1.21 on Wednesday, reaching $99.67. The company had a trading volume of 554,820 shares, compared to its average volume of 534,947. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. The company’s fifty day moving average is $97.26 and its 200 day moving average is $95.03. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $105.75. The stock has a market capitalization of $6.28 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.64 and a beta of 1.18.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 127.66%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC increased its position in shares of 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 valued at $25,000 after acquiring an additional 269 shares during the last quarter. Global Retirement Partners LLC grew its stake in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $28,000. Hantz Financial Services Inc. raised its stake in shares of 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. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Ryman Hospitality Properties by 61.7% during the 3rd 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 during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays set a $109.00 price target on Ryman Hospitality Properties in a report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Finally, Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

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.