Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,888 shares of the real estate investment trust’s stock after buying an additional 56,189 shares during the quarter. Bessemer Group Inc.’s holdings in Ryman Hospitality Properties were worth $28,570,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RHP. Hantz Financial Services Inc. lifted its holdings in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 269 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Ryman Hospitality Properties by 3.5% during the third quarter. Allianz Asset Management GmbH now owns 60,585 shares of the real estate investment trust’s stock valued at $5,428,000 after purchasing an additional 2,069 shares during the last quarter. Keeler Thomas Management LLC boosted its holdings in Ryman Hospitality Properties by 188.8% during the third quarter. Keeler Thomas Management LLC now owns 7,664 shares of the real estate investment trust’s stock worth $687,000 after buying an additional 5,010 shares in the last quarter. Finally, Keybank National Association OH grew its position in Ryman Hospitality Properties by 7.6% in the third quarter. Keybank National Association OH now owns 4,570 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 322 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $98.04 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year 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. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.44 and a beta of 1.21. The stock’s fifty day simple moving average is $95.29 and its 200-day simple moving average is $94.41.

Ryman Hospitality Properties Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on RHP. Evercore reiterated an “outperform” rating and set a $115.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.58.

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.