117,100 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by DigitalBridge Group Inc.

DigitalBridge Group Inc. acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 117,100 shares of the real estate investment trust's stock, valued at approximately $12,218,000. Ryman Hospitality Properties accounts for approximately 0.9% of DigitalBridge Group Inc.'s holdings, making the stock its 25th largest position. DigitalBridge Group Inc. owned approximately 0.20% of Ryman Hospitality Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after acquiring an additional 125 shares during the last quarter. Centiva Capital LP raised its stake in Ryman Hospitality Properties by 84.1% in the fourth quarter. Centiva Capital LP now owns 3,792 shares of the real estate investment trust's stock valued at $396,000 after purchasing an additional 1,732 shares in the last quarter. BOKF NA lifted its position in Ryman Hospitality Properties by 16.1% during the fourth quarter. BOKF NA now owns 6,722 shares of the real estate investment trust's stock valued at $685,000 after purchasing an additional 934 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Ryman Hospitality Properties during the fourth quarter valued at approximately $705,000. Finally, Captrust Financial Advisors grew its stake in Ryman Hospitality Properties by 16.0% in the 4th quarter. Captrust Financial Advisors now owns 6,128 shares of the real estate investment trust's stock worth $639,000 after buying an additional 845 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RHP. Jefferies Financial Group lowered their price objective 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. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This represents a 15.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Trading Up 4.0%

RHP traded up $3.93 during midday trading on Monday, reaching $101.04. 287,530 shares of the company's stock traded hands, compared to its average volume of 617,424. The firm has a fifty day moving average of $90.68 and a two-hundred day moving average of $101.55. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. During the same period last year, the business posted $1.60 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.55%. Ryman Hospitality Properties's payout ratio is 97.46%.

About Ryman Hospitality Properties

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.