Short Interest in Ryman Hospitality Properties, Inc. (NYSE:RHP) Declines By 36.5%

Ryman Hospitality Properties, Inc. (NYSE:RHP) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,724,981 shares, a decline of 36.5% from the March 31st total of 2,716,199 shares. Based on an average daily volume of 467,872 shares, the short-interest ratio is presently 3.7 days. Approximately 2.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently modified their holdings of RHP. First Dallas Securities Inc. grew its position in Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after acquiring an additional 13,275 shares during the last quarter. Centersquare Investment Management LLC grew its position in Ryman Hospitality Properties by 37.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after acquiring an additional 14,296 shares during the last quarter. Hamlin Capital Management LLC grew its position in Ryman Hospitality Properties by 10.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock worth $88,513,000 after acquiring an additional 93,490 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Ryman Hospitality Properties during the 3rd quarter worth approximately $776,000. Finally, Bessemer Group Inc. grew its position in Ryman Hospitality Properties by 21.4% during the 3rd quarter. Bessemer Group Inc. now owns 318,888 shares of the real estate investment trust’s stock worth $28,570,000 after acquiring an additional 56,189 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $110.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $115.00.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.41 during mid-day trading on Thursday, reaching $105.03. The company had a trading volume of 857,257 shares, compared to its average volume of 520,927. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $105.75. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average is $97.33 and its 200-day moving average is $95.34. The company has a market capitalization of $6.63 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.21 and a beta of 1.19.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $1.49. Ryman Hospitality Properties had a return on equity of 32.46% and a net margin of 9.45%.During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2026 guidance at 8.770-9.140 EPS. On average, equities analysts anticipate that Ryman Hospitality Properties will post 8.86 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.6%. Ryman Hospitality Properties’s dividend payout ratio is presently 127.66%.

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.