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

Hsbc Holdings PLC grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 105,333 shares of the real estate investment trust’s stock after buying an additional 16,682 shares during the period. Hsbc Holdings PLC’s holdings in Ryman Hospitality Properties were worth $9,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised 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 purchasing an additional 113 shares during the period. Norinchukin Bank The grew its holdings in 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 grew its holdings in 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 increased its position in 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 buying an additional 135 shares during the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in Ryman Hospitality Properties by 1.4% in the fourth 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 buying an additional 145 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $131.65 on Friday. 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 firm has a market cap of $8.31 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.66 and a beta of 1.22. The stock’s fifty day moving average price is $113.40 and its two-hundred day moving average price is $102.22. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $132.13.

Ryman Hospitality Properties Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RHP shares. Barclays raised their price objective on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Morgan Stanley raised their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company increased 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 report on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.