Ryman Hospitality Properties, Inc. $RHP Stock Position Raised by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,888 shares of the real estate investment trust’s stock after acquiring an additional 56,189 shares during the period. Bessemer Group Inc. owned about 0.51% of Ryman Hospitality Properties worth $28,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RHP. Norges Bank bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $56,123,000. GRS Advisors LLC acquired a new position in Ryman Hospitality Properties during the 2nd quarter valued at approximately $39,171,000. Daiwa Securities Group Inc. grew its stake in Ryman Hospitality Properties by 34.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust’s stock worth $88,718,000 after buying an additional 232,632 shares during the last quarter. Cooke & Bieler LP grew its stake in Ryman Hospitality Properties by 21.4% during the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after buying an additional 195,330 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Ryman Hospitality Properties by 13.6% in the second quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after buying an additional 144,870 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Finally, Evercore restated an “outperform” rating and issued a $115.00 price target on shares of Ryman Hospitality Properties in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.58.

Ryman Hospitality Properties Stock Up 2.4%

RHP stock opened at $98.04 on Friday. The firm’s 50-day moving average is $95.29 and its two-hundred day moving average is $94.41. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.21. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $105.51. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

Ryman Hospitality Properties Profile

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.