Hsbc Holdings PLC Takes $22.96 Million Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• HSBC Holdings PLC acquired 178,613 shares of Ryman Hospitality Properties in the second quarter, worth approximately $22.96 million and representing about 0.28% of the REIT.
• Analysts remain broadly bullish: all 12 covering analysts rate RHP a Buy, with a consensus price target of $131.27 and targets ranging from $125 to $145.
• Ryman reported quarterly earnings of $1.42 per share, exceeding the $1.31 estimate, while revenue rose 13.6% year over year to $748.98 million. Shares opened at $129.19, near the analyst consensus target.

Hsbc Holdings PLC purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,613 shares of the real estate investment trust's stock, valued at approximately $22,961,000. Hsbc Holdings PLC owned approximately 0.28% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RHP. Global Retirement Partners LLC lifted its stake in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 172 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 236 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ryman Hospitality Properties by 61.7% in the third 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 last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 240.2% in 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 last quarter. Institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

RHP has been the topic of several analyst reports. Raymond James Financial restated an "outperform" rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. BMO Capital Markets reissued an "outperform" rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Buy" and an average price target of $131.27.

Ryman Hospitality Properties Trading Down 0.9%

NYSE RHP opened at $129.19 on Friday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.01 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $137.46. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The business's fifty day moving average is $127.98 and its 200-day moving average is $112.33.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the business earned $2.35 earnings per share. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.13 EPS for the current year.

Ryman Hospitality Properties Profile

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.

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