Mirae Asset Global Investments Co. Ltd. Has $168,000 Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 28.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,588 shares of the real estate investment trust’s stock after selling 620 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. abrdn plc boosted its position in shares of Ryman Hospitality Properties by 24.7% during the fourth quarter. abrdn plc now owns 15,103 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 2,992 shares during the last quarter. Golden State Equity Partners bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $227,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Ryman Hospitality Properties by 643.2% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,740 shares of the real estate investment trust’s stock valued at $17,293,000 after acquiring an additional 143,440 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter worth $31,000. Finally, KBC Group NV grew its stake in shares of Ryman Hospitality Properties by 54.1% in the 4th quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 740 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

RHP has been the topic of a number of recent analyst reports. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company increased 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. Finally, Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. 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 a consensus price target of $127.50.

Ryman Hospitality Properties Trading Up 0.4 %

Shares of RHP stock opened at $102.38 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $6.13 billion, a P/E ratio of 18.18, a PEG ratio of 2.48 and a beta of 1.67. The company has a 50 day moving average of $106.27 and a 200-day moving average of $106.85. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91.

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.