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

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

Analysts Set New Price Targets

RHP has been the subject of several analyst reports. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday. Wells Fargo & Company cut their price target on 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Finally, Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.27.

Ryman Hospitality Properties Trading Up 0.0%

NYSE:RHP opened at $94.71 on Friday. The company has a market cap of $5.97 billion, a PE ratio of 25.05, a P/E/G ratio of 2.41 and a beta of 1.22. The business’s 50 day moving average is $95.24 and its two-hundred day moving average is $94.57. 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 has a 52 week low of $76.27 and a 52 week high of $106.74.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (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 for the quarter, compared to analyst estimates of $573.40 million. During the same period in the prior year, the company posted $1.93 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $1.20 dividend. 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 payout ratio is 126.98%.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,993 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the completion of the transaction, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. The trade was a 1.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of RHP. State of New Jersey Common Pension Fund D boosted its stake in Ryman Hospitality Properties by 5.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,483 shares of the real estate investment trust’s stock valued at $7,331,000 after acquiring an additional 4,049 shares during the period. M&T Bank Corp bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $832,000. Kestra Private Wealth Services LLC boosted its position in Ryman Hospitality Properties by 11.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,088 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 521 shares during the period. Pictet Asset Management Holding SA grew its stake in Ryman Hospitality Properties by 11.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,926 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 902 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Ryman Hospitality Properties by 18.2% in the fourth quarter. Sanctuary Advisors LLC now owns 7,459 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 1,150 shares during the period. 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.