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

Bessemer Group Inc. lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,730 shares of the real estate investment trust's stock after acquiring an additional 10,032 shares during the quarter. Bessemer Group Inc. owned approximately 0.42% of Ryman Hospitality Properties worth $23,019,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI decreased their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.43.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $2.03 on Monday, reaching $98.52. 851,446 shares of the company's stock were exchanged, compared to its average volume of 662,643. The stock has a fifty day simple moving average of $95.83 and a 200-day simple moving average of $97.57. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.71 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. The business had revenue of $587.28 million during 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 company earned $1.60 EPS. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.67%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Insider Activity at Ryman Hospitality Properties

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