SG Americas Securities LLC Cuts Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

SG Americas Securities LLC decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,687 shares of the real estate investment trust's stock after selling 4,283 shares during the quarter. SG Americas Securities LLC's holdings in Ryman Hospitality Properties were worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Hamlin Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $65,142,000. Harbor Capital Advisors Inc. boosted its position in shares of Ryman Hospitality Properties by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 50,144 shares of the real estate investment trust's stock worth $5,232,000 after purchasing an additional 1,251 shares during the period. Diversified Trust Co raised its position in Ryman Hospitality Properties by 9.3% in the fourth quarter. Diversified Trust Co now owns 7,907 shares of the real estate investment trust's stock valued at $825,000 after purchasing an additional 676 shares during the period. Nordea Investment Management AB lifted its stake in Ryman Hospitality Properties by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust's stock worth $11,689,000 after purchasing an additional 4,592 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock valued at $779,000 after buying an additional 152 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

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

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $0.43 during midday trading on Thursday, hitting $102.38. 340,672 shares of the company's stock were exchanged, compared to its average volume of 415,385. The firm's 50 day simple moving average is $106.27 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 debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.48 and a beta of 1.67.

Ryman Hospitality Properties 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.