Daiwa Securities Group Inc. decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 843,888 shares of the real estate investment trust’s stock after selling 46,302 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ryman Hospitality Properties were worth $79,849,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after buying an additional 12,169 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after purchasing an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.
Ryman Hospitality Properties Stock Performance
Shares of NYSE RHP opened at $117.15 on Friday. The firm has a fifty day moving average price of $104.27 and a 200-day moving average price of $98.87. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $7.39 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $117.67.
Ryman Hospitality Properties Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Barclays upped their price target on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial upped their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.33.
Read Our Latest Research Report on RHP
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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