DigitalBridge Group Inc. Invests $12.22 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

DigitalBridge Group Inc. bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 117,100 shares of the real estate investment trust's stock, valued at approximately $12,218,000. Ryman Hospitality Properties makes up 0.9% of DigitalBridge Group Inc.'s portfolio, making the stock its 26th biggest holding. DigitalBridge Group Inc. owned approximately 0.20% of Ryman Hospitality Properties at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Ryman Hospitality Properties by 119.4% in the 4th quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after acquiring an additional 27,672 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after acquiring an additional 255,229 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $336,000. Paradigm Asset Management Co. LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $741,000. Finally, ClearAlpha Technologies LP bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $398,000. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Evercore ISI reduced their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Wells Fargo & Company restated an "overweight" rating and set a $101.00 price target (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $0.92 on Wednesday, reaching $96.48. 626,704 shares of the company's stock were exchanged, compared to its average volume of 640,802. 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 firm has a market cap of $5.79 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.71 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock has a fifty day simple moving average of $90.88 and a 200-day simple moving average of $100.60.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $1.60 earnings per share. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, June 30th. 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.