abrdn plc Grows Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

abrdn plc raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,103 shares of the real estate investment trust’s stock after buying an additional 2,992 shares during the period. abrdn plc’s holdings in Ryman Hospitality Properties were worth $1,602,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Ryman Hospitality Properties by 34.6% in 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 boosted its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares during the period. Tidal Investments LLC increased its stake in shares of Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after purchasing an additional 152 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth 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. Finally, Captrust Financial Advisors lifted its stake in shares of Ryman Hospitality Properties by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after buying an additional 213 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.5 %

Shares of NYSE:RHP opened at $103.78 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.48 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock’s 50-day simple moving average is $107.18 and its two-hundred day simple moving average is $106.85.

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.