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

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

Ryman Hospitality Properties Price Performance

RHP opened at $125.12 on Friday. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $7.90 billion, a PE ratio of 33.01, a P/E/G ratio of 2.26 and a beta of 1.20. Ryman Hospitality Properties has a 1 year low of $83.82 and a 1 year high of $132.41. The stock has a 50-day moving average price of $119.68 and a 200-day moving average price of $105.20.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued 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 presently 126.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a report on Monday, June 8th. BMO Capital Markets reissued an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Cantor Fitzgerald upped their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% during the fourth 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 last quarter. International Assets Investment Management LLC boosted its holdings in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Ryman Hospitality Properties in the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in Ryman Hospitality Properties by 61.7% in 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. Finally, Geneos Wealth Management Inc. grew its position in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the period. 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.