DigitalBridge Group Inc. Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

DigitalBridge Group Inc. purchased a new position in 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 & Exchange Commission. The institutional investor purchased 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 investment portfolio, making the stock its 26th largest holding. DigitalBridge Group Inc. owned approximately 0.20% of Ryman Hospitality Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. Bank of Montreal Can boosted its holdings 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% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after purchasing an additional 255,229 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $336,000. Paradigm Asset Management Co. LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $741,000. Finally, ClearAlpha Technologies LP acquired a new position in Ryman Hospitality Properties during the 4th quarter worth $398,000. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 0.3%

NYSE:RHP traded up $0.27 during trading hours on Thursday, hitting $96.84. The stock had a trading volume of 240,630 shares, compared to its average volume of 640,330. The business's 50 day moving average is $90.91 and its 200-day moving average is $100.57. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.71 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating 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 company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. During the same quarter in the previous year, the business earned $1.60 EPS. The firm's revenue was up 11.2% on a year-over-year basis. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.75%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Wall Street Analyst Weigh In

RHP has been the subject of several research reports. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Jefferies Financial Group cut their target price 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. 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, Evercore ISI dropped 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 note on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Ryman Hospitality Properties Company Profile

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.