Short Interest in Ryman Hospitality Properties Inc (NYSE:RHP) Grows By 22.7%

Ryman Hospitality Properties Inc (NYSE:RHP) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 899,100 shares, an increase of 22.7% from the July 31st total of 733,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 294,500 shares, the short-interest ratio is currently 3.1 days.

In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 13,585 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $79.30 per share, for a total transaction of $1,077,290.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in Ryman Hospitality Properties in the second quarter valued at about $32,000. Huntington National Bank boosted its position in Ryman Hospitality Properties by 75.6% in the second quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 211 shares in the last quarter. HM Payson & Co. acquired a new position in Ryman Hospitality Properties in the second quarter valued at about $41,000. FMR LLC boosted its position in Ryman Hospitality Properties by 24.5% in the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 196 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in Ryman Hospitality Properties by 15.3% in the first quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 87.34% of the company’s stock.

Several analysts have recently weighed in on RHP shares. SunTrust Banks decreased their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating on the stock in a research report on Friday, September 6th. Deutsche Bank reiterated a “buy” rating and set a $99.00 target price on shares of Ryman Hospitality Properties in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $89.33.

NYSE:RHP traded up $0.94 on Friday, reaching $82.42. The stock had a trading volume of 263,700 shares, compared to its average volume of 276,388. The company has a market capitalization of $4.15 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $89.50. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.97. The stock has a fifty day moving average price of $78.87 and a 200-day moving average price of $80.81.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.93). The firm had revenue of $407.70 million during the quarter, compared to analyst estimates of $399.41 million. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. Ryman Hospitality Properties’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. Sell-side analysts predict that Ryman Hospitality Properties will post 6.79 earnings per share for the current fiscal year.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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