Waterfront Capital Partners LLC Purchases 165,925 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Waterfront Capital Partners LLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 474.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,925 shares of the real estate investment trust's stock after purchasing an additional 165,925 shares during the period. Ryman Hospitality Properties accounts for approximately 3.9% of Waterfront Capital Partners LLC's portfolio, making the stock its 15th largest position. Waterfront Capital Partners LLC owned 0.34% of Ryman Hospitality Properties worth $20,965,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RHP. Bank of Montreal Can grew its position 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 buying an additional 27,672 shares during the last quarter. Victory Capital Management Inc. raised its stake in Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after buying an additional 255,229 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $336,000. Paradigm Asset Management Co. LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth $741,000. Finally, ClearAlpha Technologies LP bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $398,000. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RHP shares. Jefferies Financial Group cut 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 report on Wednesday, April 9th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial cut their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Evercore ISI reduced their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday. Finally, Wells Fargo & Company dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.71.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $0.01 during trading on Tuesday, hitting $87.40. 448,942 shares of the company's stock traded hands, compared to its average volume of 907,979. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The business has a 50-day simple moving average of $91.67 and a 200-day simple moving average of $102.60. The stock has a market capitalization of $5.24 billion, a P/E ratio of 19.91, a PEG ratio of 2.71 and a beta of 1.38. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Ryman Hospitality Properties 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.