GreenTree Hospitality Group (GHG) Announces Quarterly Earnings Results

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

Shares of NYSE:GHG traded up $0.42 during midday trading on Friday, reaching $13.19. 3,854 shares of the company’s stock traded hands, compared to its average volume of 85,145. GreenTree Hospitality Group has a 1 year low of $9.50 and a 1 year high of $25.10.

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

GHG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. CLSA initiated coverage on GreenTree Hospitality Group in a research report on Tuesday, January 22nd. They set a “buy” rating and a $15.70 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.83.

A number of hedge funds have recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in shares of GreenTree Hospitality Group in the 3rd quarter valued at about $170,000. Prudence Asset Management Ltd bought a new position in GreenTree Hospitality Group during the 3rd quarter worth approximately $254,000. Two Sigma Advisers LP lifted its holdings in GreenTree Hospitality Group by 7.3% during the 4th quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock worth $304,000 after buying an additional 1,600 shares during the last quarter. Marshall Wace LLP bought a new position in GreenTree Hospitality Group during the 3rd quarter worth approximately $410,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of GreenTree Hospitality Group by 14.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 67,361 shares of the company’s stock worth $875,000 after purchasing an additional 8,736 shares during the last quarter. Institutional investors own 9.55% of the company’s stock.

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GreenTree Hospitality Group Company Profile

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.

See Also: Intrinsic Value

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