Taking stock: Gaylord's D.C. stumble and $10M deadline

Also: Ted Welch buys more NHI, researcher pans Regions

Shares of Gaylord Entertainment fell more than 6 percent Friday after an analyst wrote about various hiccups at the company's new Washington, D.C.-area resort.

Wachovia Capital Markets' Jeffrey Donnelly said the stumbles and delays at the Gaylord National – which include mice roaming the building – will dent Gaylord's second- and third-quarter numbers. The company has forecast the massive complex will deliver more than $50 million in cash flow this year and about $110 million in 2010.

At about 1 p.m., shares of Gaylord (Ticker: GET) were down 6.8 percent at $29.24. They're down 28 percent year to date and off 51 percent from their past-year highs set last summer.

It's not the first time this year Donnelly has stuck out his neck on Gaylord. In February, he said he expected the company to walk away from its $253 million deal to buy the La Cantera resort in San Antonio. As recently as two weeks ago, Senior VP and Treasurer Mark Fioravanti said the company is still pursuing an investor to take on the majority of that project.

If Gaylord doesn't land a partner by April 30, it will forfeit its $10 million deposit. Calls to Rob Tanner, Gaylord's director of investor relations, for an update on the project was not returned by publication time.

NHI director exercises options

Local political heavyweight Ted Welch on Wednesday boosted his holdings in National Health Investors – of which he is a director – by 40 percent when he exercised options to buy 15,000 shares of the company (Ticker: NHI).

Welch's move produced a nice paper gain: Even though NHI was trading down more than 3 percent at about $30 this afternoon, it is almost double the $16.35 price he paid for the shares by exercising his options. Year to date, NHI is up about 8 percent.

Credit quality weighing on Regions

Zacks Equity Research analyst Eric Rothmann has slashed his 2008 earnings estimate for Regions Financial by 16 percent, citing the rise in past-due loans at the parent of Nashville's No. 1 bank.

Rothmann, who rates Regions (Ticker: RF) a 'hold,' also lowered his price target for the company from $24.25 to $21.75. This afternoon, Regions was changing hands at $19.95. It is down about 15 percent on the year.