Bessemer Group Inc. Purchases 10,032 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bessemer Group Inc. lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,730 shares of the real estate investment trust's stock after buying an additional 10,032 shares during the quarter. Bessemer Group Inc. owned 0.42% of Ryman Hospitality Properties worth $23,019,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP grew its holdings in Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Ryman Hospitality Properties by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after purchasing an additional 125 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after acquiring an additional 130 shares in the last quarter. Arizona State Retirement System lifted its stake in Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after acquiring an additional 132 shares during the last quarter. Finally, Summit Global Investments increased its position in Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after buying an additional 153 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director now owns 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman now directly owns 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $0.47 during trading on Friday, hitting $100.58. The stock had a trading volume of 628,894 shares, compared to its average volume of 662,790. The stock's 50 day moving average is $95.25 and its two-hundred day moving average is $98.05. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The company had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. As a group, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RHP shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday. They issued an "overweight" rating and a $117.00 target price on the stock. Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group reduced their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $114.43.

Ryman Hospitality Properties Company 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.