Ryman Hospitality Properties, Inc. $RHP Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its Ryman Hospitality Properties stake by 51.3% during the second quarter, adding 60,563 shares to own 178,613 shares valued at approximately $23.0 million. Institutional investors and hedge funds collectively own 94.48% of Ryman’s stock.
• Analyst sentiment remains positive: twelve analysts rate the stock a Buy, with a consensus price target of $131.27. Recent firms raised targets as high as $147, while maintaining Overweight or Buy ratings.
• Ryman reported quarterly EPS of $1.42, beating estimates of $1.31, while revenue rose 13.6% year over year to $748.98 million. Shares opened at $120.72, down 2.2%, with a 52-week range of $83.82 to $137.46.

Hsbc Holdings PLC grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 51.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,613 shares of the real estate investment trust's stock after buying an additional 60,563 shares during the quarter. Hsbc Holdings PLC owned 0.28% of Ryman Hospitality Properties worth $22,961,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Ryman Hospitality Properties by 61.7% during the 3rd 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. Global Retirement Partners LLC grew its holdings 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 worth $27,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RHP. BMO Capital Markets restated an "outperform" rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Weiss Ratings upgraded Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Barclays increased their target price on Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $131.27.

Ryman Hospitality Properties Stock Down 2.2%

NYSE:RHP opened at $120.72 on Wednesday. The firm has a market capitalization of $7.62 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.18. The stock has a 50 day moving average of $127.25 and a 200-day moving average of $113.62. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. During the same quarter last year, the business posted $2.35 EPS. The business's revenue was up 13.6% on a year-over-year basis. Analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Ryman Hospitality Properties Company 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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