Hsbc Holdings PLC Acquires 12,717 Shares of Ryman Hospitality Properties, Inc. $RHP

Hsbc Holdings PLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 12.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 118,050 shares of the real estate investment trust’s stock after acquiring an additional 12,717 shares during the period. Hsbc Holdings PLC’s holdings in Ryman Hospitality Properties were worth $10,892,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RHP. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryman Hospitality Properties by 61.7% in 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 increased its stake in 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 worth $27,000 after acquiring an additional 172 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 period. Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $49,000 after purchasing an additional 282 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Up 0.7%

Shares of RHP opened at $130.82 on Thursday. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $132.41. The company has a 50-day moving average of $121.33 and a 200 day moving average of $106.13. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.34 and a beta of 1.20. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RHP shares. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Truist Financial increased their target price 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. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.10.

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.