Ryman Hospitality Properties, Inc. $RHP Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,333 shares of the real estate investment trust’s stock after purchasing an additional 16,682 shares during the quarter. Hsbc Holdings PLC’s holdings in Ryman Hospitality Properties were worth $9,967,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC increased its stake in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 282 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $124.21 on Thursday. The business’s 50-day moving average is $117.50 and its 200-day moving average is $104.03. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 2.30 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Morgan Stanley upped their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.27.

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.