Hsbc Holdings PLC Acquires Shares of 178,613 Ryman Hospitality Properties, Inc. $RHP

Hsbc Holdings PLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, Holdings Channel reports. The firm bought 178,613 shares of the real estate investment trust’s stock, valued at approximately $22,961,000.

Several other hedge funds have also recently made changes to their positions in RHP. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties in the 2nd quarter worth about $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Ryman Hospitality Properties during the second quarter valued at about $60,655,000. Strs Ohio lifted its holdings in Ryman Hospitality Properties by 10.6% during the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after purchasing an additional 12,100 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Ryman Hospitality Properties during the first quarter worth about $992,000. Finally, Entropy Technologies LP boosted its position in Ryman Hospitality Properties by 116.8% during the first quarter. Entropy Technologies LP now owns 22,173 shares of the real estate investment trust’s stock worth $2,046,000 after purchasing an additional 11,946 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on RHP. JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Finally, Raymond James Financial reissued an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $131.27.

Ryman Hospitality Properties Stock Down 0.9%

Shares of NYSE RHP opened at $129.19 on Friday. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46. The business has a 50-day simple moving average of $127.98 and a two-hundred day simple moving average of $112.33. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The company has a market cap of $8.15 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.01 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the previous year, the firm earned $2.35 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Research analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.13 earnings per share for the current fiscal year.

Ryman Hospitality Properties Company Profile

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.