Bessemer Group Inc. Boosts Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bessemer Group Inc. lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,698 shares of the real estate investment trust's stock after buying an additional 9,852 shares during the period. Bessemer Group Inc. owned about 0.40% of Ryman Hospitality Properties worth $25,220,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP bought a new position in Ryman Hospitality Properties in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $72,000. Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Finally, Blue Trust Inc. lifted its stake in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group decreased their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.67.

Ryman Hospitality Properties Trading Up 0.2 %

RHP traded up $0.18 during trading on Wednesday, hitting $85.18. 117,185 shares of the stock traded hands, compared to its average volume of 926,265. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. 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 of $94.79 and a 200 day moving average of $104.15. The firm has a market capitalization of $5.11 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is 104.78%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

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.