Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,068 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,482 shares of the real estate investment trust’s stock after acquiring an additional 1,068 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ryman Hospitality Properties were worth $1,302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RHP. Sanctuary Advisors LLC bought a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $312,000. SG Americas Securities LLC bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $640,000. GAMMA Investing LLC boosted its position in shares of Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 103 shares during the period. Inspire Investing LLC grew its holdings in shares of Ryman Hospitality Properties by 9.8% during the third quarter. Inspire Investing LLC now owns 3,855 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 345 shares in the last quarter. Finally, Creative Planning raised its position in Ryman Hospitality Properties by 6.4% in the 3rd quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.1 %

Ryman Hospitality Properties stock opened at $103.43 on Wednesday. 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 has a 50-day simple moving average of $106.91 and a 200 day simple moving average of $106.87. The stock has a market capitalization of $6.20 billion, a P/E ratio of 18.37, a PEG ratio of 2.48 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91.

Wall Street Analysts Forecast Growth

RHP has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target for the company. Truist Financial raised 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. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One equities research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.50.

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.