Hsbc Holdings PLC Cuts Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Hsbc Holdings PLC reduced its stake in Ryman Hospitality Properties by 9.1%, now holding 62,572 shares valued at about $5.7 million.
• Ryman Hospitality Properties reported $2.35 earnings per share for the last quarter, exceeding expectations and showing a 7.5% revenue increase compared to the previous year.
• Several institutional investors have recently altered their positions in Ryman, with hedge funds currently owning 94.48% of the company's stock.

Hsbc Holdings PLC lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,572 shares of the real estate investment trust's stock after selling 6,249 shares during the period. Hsbc Holdings PLC owned 0.10% of Ryman Hospitality Properties worth $5,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RHP. Heck Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $31,000. Fifth Third Bancorp raised its holdings in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after buying an additional 367 shares during the last quarter. CWM LLC lifted its stake in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after buying an additional 493 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $108,000. Finally, State of Wyoming increased its position in shares of Ryman Hospitality Properties by 23.8% during the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen cut shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Bank of America raised their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $115.50.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded down $0.20 during trading on Friday, reaching $98.73. The company had a trading volume of 331,048 shares, compared to its average volume of 659,454. The firm's 50-day simple moving average is $98.49 and its 200 day simple moving average is $95.66. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same quarter in the prior year, the business posted $2.78 earnings per share. The business's quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

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.