GreenTree Hospitality Group (GHG) Announces Earnings Results, Beats Expectations By $0.01 EPS

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GreenTree Hospitality Group (NYSE:GHG) announced its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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 $0.31 during trading on Friday, hitting $13.08. 4,354 shares of the company were exchanged, 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 declared a special dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 6th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 5th.

A number of brokerages recently issued reports on GHG. Zacks Investment Research lowered GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. CLSA initiated coverage on GreenTree Hospitality Group in a research report on Tuesday, January 22nd. They set 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 assigned a hold rating and three have issued a buy rating to the stock. GreenTree Hospitality Group has an average rating of “Hold” and an average target price of $16.83.

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in shares of GreenTree Hospitality Group by 14.9% during 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. Sylebra HK Co Ltd increased its position in shares of GreenTree Hospitality Group by 15.5% during the 4th quarter. Sylebra HK Co Ltd now owns 758,975 shares of the company’s stock worth $9,859,000 after purchasing an additional 101,803 shares during the last quarter. Westwood Global Investments LLC acquired a new position in shares of GreenTree Hospitality Group during the 4th quarter worth approximately $9,527,000. Bank of America Corp DE increased its position in shares of GreenTree Hospitality Group by 223.0% during the 4th quarter. Bank of America Corp DE now owns 335,428 shares of the company’s stock worth $4,357,000 after purchasing an additional 231,589 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of 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 purchasing an additional 1,600 shares during the last quarter. 9.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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