Hsbc Holdings PLC Purchases 6,144 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hsbc Holdings PLC boosted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,468 shares of the real estate investment trust’s stock after buying an additional 6,144 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of Ryman Hospitality Properties worth $5,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHP. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at about $32,000. Edgestream Partners L.P. raised its stake in Ryman Hospitality Properties by 111.7% in the second quarter. Edgestream Partners L.P. now owns 100,696 shares of the real estate investment trust’s stock valued at $10,056,000 after purchasing an additional 53,125 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ryman Hospitality Properties by 19.3% during the second quarter. Renaissance Technologies LLC now owns 108,041 shares of the real estate investment trust’s stock valued at $10,789,000 after purchasing an additional 17,500 shares during the last quarter. Quantbot Technologies LP grew its stake in Ryman Hospitality Properties by 58.6% in the 2nd quarter. Quantbot Technologies LP now owns 43,478 shares of the real estate investment trust’s stock worth $4,342,000 after buying an additional 16,068 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock worth $81,947,000 after buying an additional 8,469 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

RHP opened at $110.30 on Tuesday. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The stock’s 50 day simple moving average is $101.79 and its 200 day simple moving average is $104.82. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares in the company, valued at $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Truist Financial decreased their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $116.14.

About Ryman Hospitality Properties

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.