BMO Capital Sees Earnings Upside for Ryman Hospitality (RHP) on Strong RevPAR Trends

Ryman Hospitality Properties, Inc. (NYSE:RHP) is included among Billionaire Mario Gabelli’s Top 12 Dividend Stocks.

BMO Capital Sees Earnings Upside for Ryman Hospitality (RHP) on Strong RevPAR Trends

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.

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