|Bid||6.32 x 4000|
|Ask||6.38 x 2900|
|Day's Range||6.32 - 6.51|
|52 Week Range||5.91 - 14.91|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||46.76|
|Forward Dividend & Yield||0.42 (6.45%)|
|Ex-Dividend Date||Jun 18, 2020|
|1y Target Est||N/A|
Wall Street isn't giving these stocks much love, but I think they could have very bright futures.
Here's why Ryman Hospitality Properties (NYSE: RHP) and Empire State Realty Trust (NYSE: ESRT) are two of the more beaten-down reopening stocks that could rebound sharply once a vaccine is available, and why patient investors with a relatively high risk tolerance might want to put them on their radar. The hotel industry was obviously hit hard by the pandemic, but hotel real estate investment trust Ryman Hospitality Properties was impacted at a whole different level. Unlike most hotel operators, Ryman focuses most of its efforts on group business -- think conferences, conventions, holiday events, etc. Those types of gatherings simply aren't happening right now, and realistically won't come back until well into 2021.
Investors do not love New York. The pandemic hit New York harder than almost any other major city in the world, and while Gotham has gotten the virus under control, its economy has been ravaged. Less than 10% of Manhattan’s 1.2 million office workers are estimated to have returned, and formerly ambitious plans by big employers like (JPM) (ticker: JPM) to bring back more workers after Labor Day have been scaled back.