Mirae Asset Global Investments Co. Ltd. Has $168,000 Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mirae Asset Global Investments Co. Ltd. lessened its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,588 shares of the real estate investment trust’s stock after selling 620 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RHP. Quarry LP bought a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Avior Wealth Management LLC increased its position in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on RHP shares. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Truist Financial increased their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Ryman Hospitality Properties Stock Up 0.4 %

Shares of Ryman Hospitality Properties stock opened at $102.38 on Friday. The stock’s 50-day moving average is $106.27 and its 200 day moving average is $106.85. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.48 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

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.