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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.

On June 12, BMO Capital raised its price recommendation on Ryman Hospitality Properties, Inc. 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. is a lodging and hospitality real estate investment trust that focuses on upscale convention center resorts and entertainment experiences.

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