Hsbc Holdings PLC Has $9.97 Million Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Hsbc Holdings PLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned 0.17% of Ryman Hospitality Properties worth $9,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares in the last quarter. Norinchukin Bank The raised its position in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 119 shares during the period. Lido Advisors LLC raised its position in shares of Ryman Hospitality Properties by 3.1% during the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 132 shares during the period. Dakota Wealth Management raised its position in shares of Ryman Hospitality Properties by 1.5% during the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 135 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 1.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,536 shares of the real estate investment trust’s stock valued at $1,003,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Barclays lifted their price target on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Truist Financial boosted 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 report on Tuesday, May 26th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

Ryman Hospitality Properties Trading Up 0.6%

NYSE:RHP opened at $131.65 on Friday. The company has a market cap of $8.31 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.66 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $132.13. The business has a 50 day moving average price of $113.40 and a two-hundred day moving average price of $102.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

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.