Sei Investments Co. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 3.5% in the first quarter, Holdings Channel reports. The firm owned 185,835 shares of the real estate investment trust’s stock after selling 6,685 shares during the period. Sei Investments Co.’s holdings in Ryman Hospitality Properties were worth $17,147,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 purchasing an additional 113 shares during the last quarter. Global Retirement Partners LLC increased its stake 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 valued at $27,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $28,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Ryman Hospitality Properties Price Performance
Shares of NYSE RHP opened at $135.52 on Thursday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.44 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46. The firm’s 50 day simple moving average is $123.92 and its 200-day simple moving average is $107.54. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35.
Ryman Hospitality Properties Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have recently commented on RHP. Barclays lifted their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald boosted their price target on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.10.
View Our Latest Research Report on RHP
About Ryman Hospitality Properties
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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