ryman hospitality properties
(RHP:New York)
ryman hospitality properties (RHP) Snapshot
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Open
$40.75
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Previous Close
$40.90
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Day High
$40.88
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Day Low
$40.25
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52 Week High
03/28/13 - $48.35
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52 Week Low
05/24/12 - $28.46
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Market Cap
2.1B
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Average Volume 10 Days
887.9K
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EPS TTM
$1.75
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Shares Outstanding
52.7M
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EX-Date
03/26/13
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P/E TM
23.2x
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Dividend
$2.00
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Dividend Yield
5.53%
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Related News
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Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland. As of February 15, 2013, this segment’s network of resorts had 7,797 rooms. It also owns and operates the Inn hotel with approximately 303 rooms at Opryland. The company’s Opry and Attractions segment owns and operates Nashville-based tourist attractions, including the Grand Ole Opry, a live country music show; the Ryman Auditorium, a venue with approximately 2,300 seats for concerts and musical productions; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat on the Cumberland river; the Gaylord Springs Golf Links, a clubhouse, which provides meeting space for approximately 500 guests; and the Wildhorse Saloon, a country music performance venue. This segment also operates WSM-AM, a radio broadcasting station. Ryman Hospitality Properties, Inc. qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ryman Hospitality Properties, Inc. was founded in 1955 and is headquartered in Nashville, Tennessee.
ryman hospitality properties (RHP) Top Compensated Officers
ryman hospitality properties (RHP) Key Developments
Ryman Hospitality Properties, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of USD 222,113,000 compared to USD 238,915,000 a year ago. Operating loss was USD 2,244,000 compared to operating profit of USD 21,684,000 a year ago. Loss before income taxes was USD 12,522,000 compared to income before income taxes of USD 10,476,000 a year ago. Income from continuing operations was USD 53,770,000 or USD 0.81 per diluted share compared to income from continuing operations of USD 6,007,000 or USD 0.12 per diluted share a year ago. Net income was USD 53,780,000 or USD 0.81 per diluted share compared to net income of USD 6,028,000 or USD 0.12 per diluted share a year ago. Adjusted EBITDA was USD 50,625,000 compared to USD 64,608,000 a year ago. EBITDA was USD 29,765,000 against USD 54,118,000 a year ago. FFO was USD 85,790,000 or USD 1.29 per diluted share against USD 38,462,000 or USD 0.77 per diluted share a year ago. Adjusted FFO was USD 23,536,000 or USD 0.35 per diluted share against USD 30,565,000 or USD 0.61 per diluted share a year ago. Capital expenditures were USD 7,747,000 against USD 13,842,000 a year ago. For the quarter, the company reported impairment charges of USD 132,000. For the full year 2013, the company reiterates estimated adjusted EBITDA to be USD 281.0 million to USD 297.0 million. Adjusted FFO to be USD 212.0 million to USD 2225.0 million. Adjusted FFO per share was USD 4.03 to USD 4.27 compared to USD 4.09 to USD 4.34. The company now expects net income in the range of USD 145,400,000 to USD 152,400,000 compared with previously expected net income in the range of USD 91,100,000 to USD 98,100,000. The company now expects operating income in the range of USD 109,800,000 to USD 121,700,000 compared with previously expected operating income in the range of USD 114,800,000 to USD 127,700,000. The company now expects EBITDA in the range of USD 229,800,000 to USD 246,700,000 compared with previously expected EBITDA in the range of USD 234,800,000 to USD 252,700,000. The company reiterates its capital expenditure guidance in the range of USD 120,000,000 to USD 125,000,000. However, due to higher than expected employee transition and pension cost associated with the REIT conversion, the Company is modifying its 2013 guidance for Adjusted FFO after REIT conversion costs. Based on current forecast of REIT conversion costs, the company is reducing guidance for AFFO after REIT conversion costs by approximately USD 6 million to USD 193 million to USD 207 million.
Ryman Hospitality Properties, Inc. announced that the company and its subsidiaries refinanced their $925 million credit facility that was scheduled to mature in August 2015. The increased and extended $1 billion credit facility will mature in April 2017 and is comprised of a $700 million revolving credit line ($154 million of which was drawn at close) and a fully funded $300 million term loan. The company was able to secure favorable pricing on the facility with initial pricing set at LIBOR + 1.75%. Pricing is determined on a grid pricing structure based on a consolidated funded indebtedness to total asset value ratio. The extended facility reflects both a reduction in the term loan and an increase in the revolving credit line, as well as improved pricing. The previous credit facility was comprised of a $400 million term loan and a $525 million revolving credit line. With the recently completed private placement of $350 million in principal amount of 5% senior notes due 2021, the company and its subsidiaries' existing debt has no maturity date prior to 2017, other than the company's $360 million outstanding 3.75 % convertible notes due in 2014.
Ryman Hospitality Properties, Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 07, 2013
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Industry Analysis
RHP
Industry Average
| Valuation | RHP | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 2.2x |
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| Price/Book | 2.5x |
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| Price/Cash Flow | 14.0x |
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| TEV/Sales | 1.0x |
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Post a JobJobs
- Orlando, FL | Consult SoftPosted: May 22
- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
- San Francisco, CA | YelpPosted: May 02
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To contact RYMAN HOSPITALITY PROPERTIES, please visit www.rymanhp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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