Sun Sep 15 11:07:11 UTC 2024: ## Daiwa Securities Group Reduces Stake in Ryman Hospitality Properties

**Nashville, TN – September 15, 2024** – Daiwa Securities Group Inc. has trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE: RHP) by 3.9% in the second quarter, according to the company’s latest 13F filing with the SEC. The institutional investor now owns 20,339 shares of the real estate investment trust, valued at $2,031,000.

This move comes amidst a period of mixed activity from other hedge funds regarding RHP. While some like Quantbot Technologies LP and Quadrature Capital Ltd increased their positions, others, including Daiwa Securities Group, have chosen to scale back their investments.

Analysts remain cautiously optimistic about Ryman Hospitality Properties. Wells Fargo & Company lowered its price target to $115.00, but maintains an “overweight” rating. Truist Financial also reduced its target, but remains “buy” on the stock. Meanwhile, JPMorgan Chase & Co. raised its price target to $105.00 and assigned a “neutral” rating.

RHP’s stock opened at $101.49 on Friday, with a market capitalization of $6.08 billion. The company recently declared a quarterly dividend of $1.10 per share, representing a 4.34% yield.

Ryman Hospitality Properties, Inc. is a leading hospitality real estate investment trust, owning five of the top seven largest non-gaming convention center hotels in the United States.

**For further details and updates on Ryman Hospitality Properties, visit MarketBeat.com.**

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