Hsbc Holdings PLC Has $7.19 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hsbc Holdings PLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.11% of Ryman Hospitality Properties worth $7,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties during the 4th quarter worth $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth $83,000. Covestor Ltd raised its holdings in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 160 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

RHP has been the subject of a number of analyst reports. Truist Financial dropped their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Jefferies Financial Group decreased their price objective 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. Evercore ISI reduced their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company decreased their price target on 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus target price of $119.71.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded up $5.52 during trading on Friday, hitting $93.61. 1,043,409 shares of the company were exchanged, compared to its average volume of 617,465. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $5.62 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The business's 50 day moving average is $90.86 and its 200-day moving average is $102.04.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.91%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Ryman Hospitality Properties 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.