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Last $54.28 USD
Change Today +1.17 / 2.20%
Volume 82.2K
As of 11:53 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

ryman hospitality properties (RHP) Snapshot

Open
$53.43
Previous Close
$53.11
Day High
$54.32
Day Low
$53.10
52 Week High
03/23/15 - $64.97
52 Week Low
10/15/14 - $42.73
Market Cap
2.8B
Average Volume 10 Days
350.5K
EPS TTM
$2.30
Shares Outstanding
51.3M
EX-Date
06/26/15
P/E TM
23.6x
Dividend
$2.60
Dividend Yield
4.42%
Current Stock Chart for RYMAN HOSPITALITY PROPERTIES (RHP)

ryman hospitality properties (RHP) Related Businessweek News

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ryman hospitality properties (RHP) Details

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.

218 Employees
Last Reported Date: 02/26/15
Founded in 1955

ryman hospitality properties (RHP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $712.4K
President and Chief Financial Officer
Total Annual Compensation: $434.9K
Senior Vice President of Asset Management
Total Annual Compensation: $272.2K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $247.3K
Senior Vice President of Investments and Desi...
Total Annual Compensation: $309.8K
Compensation as of Fiscal Year 2014.

ryman hospitality properties (RHP) Key Developments

Ryman Hospitality Properties, Inc. Extends the Maturity of the Revolving Line of Credit Under Senior Secured Credit Facility; Declares its Second Quarter Cash Dividend, Payable on July 15, 2015

Ryman Hospitality Properties, Inc. announced that the company and its subsidiaries successfully extended the maturity of the revolving line of credit under their senior secured credit facility. The revolving line of credit was scheduled to mature in August 2017. The extended $700 million revolver will mature in June 2019 and have an initial outstanding borrowing of $360.5 million. The company also amended certain covenants under the facility, which also includes a senior secured term loan B that matures in 2021. The revolver's interest rate is based upon a leverage-based pricing grid ranging from 160 to 240 basis points over LIBOR, representing a decline in pricing of approximately 15 to 35 basis points. The initial interest rate under the revolver is the sum of LIBOR plus a margin of 160 basis points per annum. With the extension and recently completed private placement of $400 million in principal amount of 5% senior notes due 2023, the company and its subsidiaries’ existing debt has no maturity date prior to 2019. The company also announced that it declared its second quarter cash dividend of $0.65 per share of common stock, payable on July 15, 2015, to stockholders of record on June 30, 2015.

Ryman Hospitality Properties, Inc. Seeks Acquisitions

Colin Reed, Chief Executive Officer of Ryman Hospitality Properties, Inc. (NYSE:RHP) said, "We also own a business that few people understand, it's entertainment business in Nashville. We own four assets, soon to be five. We've purchased an asset that we're going to redo."

Ryman Hospitality Properties, Inc. Announces Expansion Plans

Ryman Hospitality Properties, Inc. announced a $20 million meeting facility expansion at Gaylord National. The new facility will include a 24,000-square-foot ballroom building offering 16,000 square feet of meeting space overlooking the Potomac River, the Woodrow Wilson Bridge and Old Town Alexandria. The investment will also include an expansion of an open-air events space to be used for the hotel’s holiday programming. The new ballroom facility is scheduled to open in fall 2016, while the open-air events space is scheduled to open in September 2015.

 

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Industry Analysis

RHP

Industry Average

Valuation RHP Industry Range
Price/Earnings 26.7x
Price/Sales 2.6x
Price/Book 7.3x
Price/Cash Flow 12.5x
TEV/Sales 1.1x
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