Ryman Hospitality Properties, Inc. (NYSE:RHP) Sees Large Growth in Short Interest

Ryman Hospitality Properties, Inc. (NYSE:RHPGet Free Report) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 835,700 shares, a growth of 18.7% from the February 14th total of 704,000 shares. Based on an average daily trading volume, of 434,900 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on RHP. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $114.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Truist Financial lifted their price objective on Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $89.00 to $102.00 in a research note on Thursday, December 14th. Raymond James lifted their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.71.

Get Our Latest Report on Ryman Hospitality Properties

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Patrick S. Chaffin sold 1,380 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $109.63, for a total value of $151,289.40. Following the completion of the sale, the chief operating officer now directly owns 33,807 shares of the company’s stock, valued at approximately $3,706,261.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after purchasing an additional 216,137 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Ryman Hospitality Properties by 5.8% in the second quarter. BlackRock Inc. now owns 6,252,807 shares of the real estate investment trust’s stock valued at $581,011,000 after purchasing an additional 344,475 shares in the last quarter. FMR LLC lifted its holdings in shares of Ryman Hospitality Properties by 2.9% in the third quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after purchasing an additional 114,451 shares in the last quarter. State Street Corp lifted its holdings in shares of Ryman Hospitality Properties by 4.6% in the second quarter. State Street Corp now owns 2,765,963 shares of the real estate investment trust’s stock valued at $259,714,000 after purchasing an additional 121,348 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock valued at $192,155,000 after purchasing an additional 287,880 shares in the last quarter. 91.23% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Down 0.8 %

NYSE:RHP traded down $0.97 on Friday, reaching $115.20. The company’s stock had a trading volume of 679,997 shares, compared to its average volume of 431,161. Ryman Hospitality Properties has a 1-year low of $77.18 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $6.88 billion, a PE ratio of 22.24, a PEG ratio of 0.80 and a beta of 1.57. The business’s 50-day moving average price is $114.79 and its two-hundred day moving average price is $101.09.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.82%. Ryman Hospitality Properties’s payout ratio is 84.94%.

About Ryman Hospitality Properties

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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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