Ryman Hospitality Properties, Inc. (NYSE:RHP) Short Interest Up 85.1% in June

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RHP shares. JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald increased their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Barclays boosted their target price on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Royal Bank of Canada grew its stake in shares of Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after buying an additional 12,169 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after acquiring an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 1.5%

Shares of RHP stock opened at $126.83 on Friday. Ryman Hospitality Properties has a 1-year low of $83.82 and a 1-year high of $132.41. The firm has a market cap of $8.00 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. The company has a 50-day moving average of $120.01 and a two-hundred day moving average of $105.35. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

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.