Mario Gabelli on Paramount and 5 Other Stocks

4. Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mario Gabelli’s Stake in Q4 2023: $115.24 million

One-Year Returns as of May 7: 13.24%

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a real estate investment trust specializing in upscale convention center resorts and entertainment offerings within the lodging and hospitality sector. Named after one of its notable assets, the Ryman Auditorium, a National Historic Landmark located in Nashville, Tennessee.

For the quarter ending in March, Ryman Hospitality Properties, Inc. (NYSE:RHP) reported quarterly funds from operations (FFO) of $1.60 per share, compared to $1.89 per share in the same period last year. These figures are adjusted for non-recurring items. The reported FFO represents a surprise of -8.57%. In the previous quarter, analysts had expected FFO of $1.99 per share, but Ryman Hospitality Properties, Inc. (NYSE:RHP) managed to deliver $2.08 per share, resulting in a positive surprise of 4.52%.

According to Insider Monkey’s fourth quarter database, 26 hedge funds were bullish on Ryman Hospitality Properties, Inc. (NYSE:RHP), compared to 20 funds in the earlier quarter. GAMCO Investors is the biggest stakeholder of the company, with 1.04 million shares worth $115.24 million.