GreenTree Hospitality Group (NYSE:GHG) Issues Quarterly Earnings Results, Misses Expectations By $0.72 EPS

GreenTree Hospitality Group (NYSE:GHG) released its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.72), Fidelity Earnings reports. GreenTree Hospitality Group had a net margin of 27.91% and a return on equity of 13.92%. During the same quarter last year, the business earned $0.12 EPS.

Shares of NYSE:GHG opened at $8.38 on Thursday. The stock has a market cap of $863.56 million, a P/E ratio of 17.83, a PEG ratio of 0.36 and a beta of 0.73. GreenTree Hospitality Group has a 52 week low of $7.00 and a 52 week high of $16.50. The company has a 50 day moving average price of $8.24.

The company also recently declared a dividend, which will be paid on Sunday, January 30th. Investors of record on Friday, January 14th will be given a $0.75 dividend. The ex-dividend date is Thursday, January 13th. GreenTree Hospitality Group’s dividend payout ratio (DPR) is presently 112.77%.

Several large investors have recently modified their holdings of GHG. Bank of America Corp DE lifted its position in shares of GreenTree Hospitality Group by 101.5% in the 2nd quarter. Bank of America Corp DE now owns 6,526 shares of the company’s stock valued at $72,000 after acquiring an additional 3,288 shares in the last quarter. Morgan Stanley lifted its position in shares of GreenTree Hospitality Group by 5,335.3% in the 3rd quarter. Morgan Stanley now owns 81,856 shares of the company’s stock valued at $668,000 after acquiring an additional 80,350 shares in the last quarter. Millennium Management LLC lifted its position in shares of GreenTree Hospitality Group by 426.8% in the 3rd quarter. Millennium Management LLC now owns 66,937 shares of the company’s stock valued at $546,000 after acquiring an additional 54,230 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of GreenTree Hospitality Group in the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 10.06% of the company’s stock.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. The company was founded by Alex S. Xu on October 18, 2017 and is headquartered in Shanghai, China.

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Earnings History for GreenTree Hospitality Group (NYSE:GHG)

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