Ryman Hospitality Properties Inc (NYSE:RHP) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 769,900 shares, an increase of 19.8% from the May 30th total of 642,600 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 275,900 shares, the days-to-cover ratio is presently 2.8 days.
In other news, EVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $83.05, for a total value of $269,912.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of RHP. Pinnacle Financial Partners Inc. bought a new stake in shares of Ryman Hospitality Properties in the 1st quarter worth $75,000. FMR LLC increased its holdings in shares of Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 196 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Ryman Hospitality Properties by 15.3% in the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 133 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 18.8% in the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 273 shares in the last quarter. Finally, Exane Derivatives increased its holdings in shares of Ryman Hospitality Properties by 2,130.0% in the 2nd quarter. Exane Derivatives now owns 2,453 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 2,343 shares in the last quarter. 87.63% of the stock is owned by institutional investors.
Separately, JPMorgan Chase & Co. started coverage on Pinduoduo in a research report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Ryman Hospitality Properties presently has an average rating of “Hold” and a consensus price target of $89.00.
RHP stock traded up $0.47 on Friday, reaching $77.11. 202,048 shares of the company traded hands, compared to its average volume of 284,904. Ryman Hospitality Properties has a one year low of $64.36 and a one year high of $90.02. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $3.97 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.50 and a beta of 1.17. The firm’s fifty day simple moving average is $80.24.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.85). Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The company had revenue of $370.80 million for the quarter, compared to the consensus estimate of $363.63 million. During the same period last year, the business earned $1.18 EPS. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ryman Hospitality Properties will post 6.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, June 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 61.43%.
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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