GreenTree Hospitality Group (GHG) Posts Quarterly Earnings Results

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GreenTree Hospitality Group (NYSE:GHG) announced its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01, Morningstar.com reports. The firm had revenue of $36.34 million during the quarter. GreenTree Hospitality Group updated its FY 2019 guidance to EPS.

Shares of NYSE GHG traded up $0.38 during mid-day trading on Friday, reaching $13.15. 5,154 shares of the company traded hands, compared to its average volume of 85,145. GreenTree Hospitality Group has a fifty-two week low of $9.50 and a fifty-two week high of $25.10.

The business also recently disclosed a special dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 6th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 5th.

Several equities research analysts have commented on GHG shares. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. CLSA started coverage on shares of GreenTree Hospitality Group in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $15.70 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.83.

Several hedge funds and other institutional investors have recently bought and sold shares of GHG. Wells Fargo & Company MN increased its stake in shares of GreenTree Hospitality Group by 20.1% during the third quarter. Wells Fargo & Company MN now owns 3,052,866 shares of the company’s stock valued at $38,771,000 after acquiring an additional 511,640 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of GreenTree Hospitality Group by 25.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 150,352 shares of the company’s stock valued at $1,909,000 after acquiring an additional 30,266 shares during the period. Trexquant Investment LP bought a new stake in GreenTree Hospitality Group during the third quarter worth approximately $170,000. Prudence Asset Management Ltd bought a new stake in GreenTree Hospitality Group during the third quarter worth approximately $254,000. Finally, Renaissance Technologies LLC bought a new stake in GreenTree Hospitality Group during the third quarter worth approximately $1,353,000. Institutional investors and hedge funds own 9.55% of the company’s stock.

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About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.

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