Bessemer Group Inc. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241,698 shares of the real estate investment trust's stock after buying an additional 9,852 shares during the quarter. Bessemer Group Inc. owned about 0.40% of Ryman Hospitality Properties worth $25,220,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RHP. Raymond James Financial Inc. bought a new position in Ryman Hospitality Properties in the 4th quarter valued at about $23,995,000. FIL Ltd raised its stake in shares of Ryman Hospitality Properties by 44.5% during the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares during the period. Invesco Ltd. grew its position in shares of Ryman Hospitality Properties by 3.8% during the 4th quarter. Invesco Ltd. now owns 107,888 shares of the real estate investment trust's stock valued at $11,257,000 after acquiring an additional 3,961 shares during the period. Employees Retirement System of Texas raised its position in shares of Ryman Hospitality Properties by 9.6% in the fourth quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust's stock valued at $5,938,000 after purchasing an additional 5,000 shares during the period. Finally, Bank of Montreal Can grew its holdings in Ryman Hospitality Properties by 119.4% during the 4th quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock valued at $5,305,000 after buying an additional 27,672 shares in the last quarter. Institutional investors own 94.48% of the company's stock.
Wall Street Analysts Forecast Growth
RHP has been the subject of a number of research reports. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial cut their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.67.
View Our Latest Stock Analysis on Ryman Hospitality Properties
Insider Activity at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
Ryman Hospitality Properties Price Performance
Ryman Hospitality Properties stock traded down $0.30 during mid-day trading on Tuesday, reaching $84.98. 445,281 shares of the company's stock traded hands, compared to its average volume of 934,491. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a 50 day moving average of $95.17 and a two-hundred day moving average of $104.28. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.71 and a beta of 1.38.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.
Ryman Hospitality Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.
Ryman Hospitality Properties Company Profile
(
Free Report)
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.
Read More
Before you consider Ryman Hospitality Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryman Hospitality Properties wasn't on the list.
While Ryman Hospitality Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
