abrdn plc Increases Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

abrdn plc increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,103 shares of the real estate investment trust's stock after purchasing an additional 2,992 shares during the period. abrdn plc's holdings in Ryman Hospitality Properties were worth $1,602,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RHP. Sanctuary Advisors LLC bought a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth $312,000. SG Americas Securities LLC bought a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth $640,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 103 shares in the last quarter. Inspire Investing LLC lifted its holdings 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 worth $413,000 after purchasing an additional 345 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of 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 purchasing an additional 323 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.50.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded down $0.17 during mid-day trading on Friday, reaching $102.27. 457,120 shares of the company's stock were exchanged, compared to its average volume of 416,774. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a 50-day moving average price of $105.64 and a two-hundred day moving average price of $106.82.

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.