Billionaire Mario Gabelli’s Top 5 Dividend Stocks

3. Ryman Hospitality Properties, Inc. (NYSE:RHP)

GAMCO Investors’ Stake Value: $85,367,374

Dividend Yield as of June 23: 3.82%

On June 12, BMO Capital raised its price recommendation on Ryman Hospitality Properties, Inc. (NYSE:RHP) to $137 from $125. It reiterated an Outperform rating on the shares as part of a broader research note covering gaming and lodging companies. The firm said expectations surrounding the World Cup have taken a back seat to strong RevPAR performance. According to BMO, the results suggest potential upside to second-quarter earnings and guidance, even if any World Cup-related benefits do not materialize. The analyst added that World Cup expectations are currently fairly modest. Hotel prices have also continued to ease, with rates moving lower at 70% of lodging REIT properties since April.

Earlier, on June 8, Raymond James raised its price goal on RHP to $125 from $120. It maintained an Outperform rating. The firm said it updated its lodging REIT models following first-quarter earnings results, revised guidance, and recent commentary from the NAREIT REIT Week conference.

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a lodging and hospitality real estate investment trust that focuses on upscale convention center resorts and entertainment experiences.