Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,821 shares of the real estate investment trust’s stock after purchasing an additional 11,381 shares during the period. Hsbc Holdings PLC owned about 0.11% of Ryman Hospitality Properties worth $7,187,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $83,000. Covestor Ltd lifted its holdings in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 207 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $87.58 on Tuesday. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $5.25 billion, a PE ratio of 19.95, a P/E/G ratio of 2.71 and a beta of 1.38. The company’s 50 day simple moving average is $91.67 and its 200 day simple moving average is $102.60.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.25%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.71.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.