Bessemer Group Inc. Has $17.27 Million Stake in Ryman Hospitality Properties, Inc. $RHP

Bessemer Group Inc. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,126 shares of the real estate investment trust’s stock after selling 57,820 shares during the quarter. Bessemer Group Inc.’s holdings in Ryman Hospitality Properties were worth $17,265,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC increased its position in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $28,000. Institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHP. Morgan Stanley upped their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays increased their price objective on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $126.83 on Friday. The company has a market cap of $8.00 billion, a PE ratio of 33.46, a PEG ratio of 2.29 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $132.41. The company’s 50-day moving average is $120.01 and its two-hundred day moving average is $105.35.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is 126.65%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.