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

abrdn plc lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 SEC filing.

Several other large investors have also recently modified their holdings of RHP. Sanctuary Advisors LLC purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $312,000. SG Americas Securities LLC acquired a new stake in shares of Ryman Hospitality Properties during the third quarter worth $640,000. GAMMA Investing LLC grew its holdings 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 valued at $43,000 after buying an additional 103 shares during the last quarter. Inspire Investing LLC increased its position in shares of Ryman Hospitality Properties by 9.8% in the 3rd quarter. Inspire Investing LLC now owns 3,855 shares of the real estate investment trust’s stock valued at $413,000 after acquiring an additional 345 shares during the period. Finally, Creative Planning raised its stake 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 worth $574,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.5 %

Shares of NYSE RHP opened at $103.78 on Tuesday. The stock has a market cap of $6.22 billion, a P/E ratio of 18.43, a PEG ratio of 2.48 and a beta of 1.67. The business’s fifty day simple moving average is $107.18 and its 200-day simple moving average is $106.85. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price 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. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company. BMO Capital Markets assumed 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. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. One equities research 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. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $127.50.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

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.