Ryman Hospitality Properties (RHP) delivered FFO and revenue surprises of 28.26% and 4.44%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Hotel stocks, especially those with large, iconic properties, are one of the best-performing parts of the market.
NASHVILLE, Tenn., April 24, 2020 -- In a release issued April 23 by Ryman Hospitality Properties, Inc. (NYSE:RHP), please note the time for the earnings conference call was.
Ryman plans to pay its part-time and full-time employees for at least another month as the company extends shutdowns due to coronavirus.
RHP earnings call for the period ending March 31, 2020.
Even the best stock pickers will make plenty of bad investments. Unfortunately, shareholders of Ryman Hospitality...
Q1 2020 Ryman Hospitality Properties Inc Earnings Call
NASHVILLE, Tenn., May 07, 2020 -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination.
In light of public health and safety concerns regarding the COVID-19 pandemic, Ryman Hospitality Properties, Inc. (the “Company”) intends to convene and then immediately adjourn the 2020 Annual Meeting of Stockholders of the Company (the “2020 Annual Meeting”). The 2020 Annual Meeting is scheduled to occur at 10:00 am Central Time, Wednesday, May 13, 2020 at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee. The 2020 Annual Meeting will be reconvened at the Company’s corporate headquarters, located at One Gaylord Drive, Nashville, Tennessee 37214, on Wednesday, May 13, 2020, at 3:00 p.m. Central Time.
Insider buying can be an encouraging signal for potential investors.Some insiders made post-earnings trips to the buy window in the past week.The financial sector was well-represented in last week's insider buying.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to take advantage of fallen share prices last week. Here are some of the most noteworthy insider purchases reported in the past week.JPMorgan In the wake of its first-quarter report, a director indirectly added 75,000 JPMorgan Chase & Co. (NYSE: JPM) shares. At a share price of $87.99, that cost the director almost $6.6 million.The stock ended last week's trading at $95.18 per share, so that director's purchase seems well-timed. The stock is up almost 19% since its year-to-date low in March.Legg Mason A beneficial owner of Legg Mason Inc (NYSE: LM) bought more than 207,000 shares of this asset manager. At $9.66 per share, that came to about $2 million.The Baltimore-based firm is being acquired by Franklin Resources, Inc. (NYSE: LM). Its shares inched up about 1% in the past week and closed most recently at $49.55 a share.KeyCorp KeyCorp (NYSE: KEY) President Christopher Gorman purchased 100,000 shares of this Cleveland-based bank last week at prices ranging from $10.27 to $10.55 apiece. That totaled more than $1.03 million and came in the wake of the first-quarter report.The stock ended the week changing hands at $10.81, above Gorman's purchase price range. The stock is up about 44% from the year-to-date low in March.Huntington Ingalls Huntington Ingalls Industries Inc (NYSE: HII) saw a director return and shell out between $190.00 and $192.77 per share for more than 3,600 shares of this military shipbuilder. That cost him about $700,800 and was pursuant to a Rule 10b5-1 trading plan.Huntington Ingalls is scheduled to post quarterly results on May 7. The latest close at $195.96 per share was above the director's purchase price range and came after the shares gained more than 20% from the March low.Ryman Hospitality Ryman Hospitality Properties Inc (NYSE: RHP) CEO Colin Reed picked up 21,900 shares for an average of $27.16 each. That totaled over $594,800 and raised his stake to more than 860,842 shares.The pandemic has been hard on lodging operators in general, and shares of this real estate investment trust were last seen trading at $27.95, above Reed's purchase price range but down almost 68% year-to-date. The S&P 500 is only about 11% lower in that time.See also: Charlie Munger Says Berkshire Playing It Safe During Coronavirus; Outcome Of Crisis Could Be 'A Different Kind Of Mess'In addition, note that there was some amount of insider buying at GameStop Corp. (NYSE: GME), Simply Good Foods Co (NASDAQ: SMPL) and Spirit Realty Capital Inc (NYSE: SRC) last week as well.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Benzinga's Bulls And Bears Of The Week: Apple, Disney, Intel And More * Benzinga's Bulls And Bears Of The Week: Boeing, Netflix, Nike, Target And More * Bulls And Bears Of The Week: Apple, Boeing, FANGs And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Market forces rained on the parade of Ryman Hospitality Properties, Inc. (NYSE:RHP) shareholders today, when the...
Details the CEO buys this past week for the following companies: Ryman Hospitality Properties, OPKO Health, Keros Therapeutics and Spirit Realty Capital Continue reading...
Ryman Hospitality Properties, Inc. (RHP) (the “Company”) today announced the termination of its agreement with Stratus Properties, Inc. to purchase the Block 21 mixed-use development in Austin, Texas. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country.
Moody's Investors Service, ("Moody's") revised the outlook of Ryman Hospitality Properties, Inc to negative from stable. At the same time, Moody's affirmed all of the REIT's ratings, including Ryman Hospitality Properties, Inc.'s Ba3 corporate family rating and RHP Hotel Properties, LP's B1 senior unsecured rating. The negative outlook reflects Moody's expectations that travel restrictions being put in place across the US related to the spread of the coronavirus will put significant pressure on Ryman's earnings in 2020.
Ryman Hospitality Properties, Inc. (RHP) (the “Company”) today announced that today it completed a $400 million draw from its existing $700 million revolving line of credit as a precaution to ensure funds are available to meet its obligations for a sustained period of time. When combined with the approximately $285 million of cash on hand referenced in the press release dated March 15, 2020, the Company has approximately $685 million of cash and $300 million of remaining availability on its credit facility, the full amount of which is available for borrowing at any time, for total liquidity of $985 million. The Company’s first quarter 2020 dividend, which was specifically authorized by the Company’s Board on February 25, 2020, in the amount of $0.95 per common share will be paid on April 15, 2020 to stockholders of record on March 31, 2020.
Ryman Hospitality Properties, Inc. (RHP) (the “Company”) announced today that it has selected Vanderbilt University Medical Center (“VUMC”), a leader in medical research and one of the top-ranked academic medical centers in the United States, as its official wellness advisor during the phased reopening of its businesses. Under the terms of the agreement, VUMC will provide support to the Company as it implements operating procedures, plans and training materials developed as part of a multi-phase health safety operations strategy for its Entertainment assets and its Gaylord Hotels network. The Company will consult with VUMC and local health officials as it moves between phases.
NASHVILLE, Tenn., April 23, 2020 -- Ryman Hospitality Properties, Inc. (NYSE:RHP), a lodging real estate investment trust ("REIT") specializing in group-oriented, destination.
Having already lost roughly $42.5 million in revenue and nearly 69,000 group-room nights because of coronavirus fears and restrictions, the Gaylord Rockies Resort & Convention Center will shut down at the end of this week and remain closed through at least the end of April. Colin Reed — chairman and CEO of Ryman Hospitality Properties Inc. (NYSE: RHP), parent company of Colorado’s largest hotel — announced Thursday that the 1,501-room facility in Aurora and the four other Gaylord hotels across the country are closing after occupancy has “declined to close to zero.” The decision comes as hotels across Colorado either close or suffer under the weight of empty rooms and continued operating expenses while travel has ground to a halt due to the spread of coronavirus.
At this time, we do not anticipate resuming operations at the five hotels that comprise the Gaylord Hotels convention network prior to May 31, 2020. This decision remains subject to change as the situation evolves, and we will update investors as appropriate if state and local guidelines are modified and conditions for reopening materialize at an earlier date for one or more of our Gaylord Hotels.
NASHVILLE, Tenn., May 14, 2020 -- Ryman Hospitality Properties, Inc. (NYSE:RHP), a lodging real estate investment trust ("REIT") specializing in group-oriented, destination.