Ryman Hospitality Properties, Inc. (NYSE:RHP) Short Interest Down 18.4% in September

Ryman Hospitality Properties, Inc. (NYSE:RHP) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,550,000 shares, a decline of 18.4% from the September 15th total of 1,900,000 shares. Based on an average daily trading volume, of 487,200 shares, the short-interest ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.20.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Ryman Hospitality Properties during the 1st quarter worth approximately $35,000. SYSTM Wealth Solutions LLC purchased a new position in Ryman Hospitality Properties in the second quarter valued at approximately $32,000. Quest Partners LLC lifted its position in Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 338 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 103 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Up 0.0 %

NYSE RHP traded up $0.02 during trading hours on Tuesday, hitting $111.40. 449,916 shares of the company’s stock were exchanged, compared to its average volume of 451,574. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $6.67 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The business’s 50 day moving average is $104.26 and its 200-day moving average is $104.16. Ryman Hospitality Properties has a 12-month low of $81.90 and a 12-month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 3.95%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Ryman Hospitality Properties Company Profile

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.