Zacks Investment Research cut shares of GreenTree Hospitality Group (NYSE:GHG) from a hold rating to a sell rating in a report issued on Thursday.
According to Zacks, “GreenTree Hospitality Group Ltd. operates as a franchised hotel operator. It operates business chain hotels, serviced apartments, shell inns and hostels. The company’s properties include GreenTree Eastern Hotel, GreenTree Inn, GreenTree Alliance Hotel and Vatica Hotel. GreenTree Hospitality Group Ltd. is based in Shanghai, China. “
Separately, Goldman Sachs Group assumed coverage on shares of GreenTree Hospitality Group in a research note on Monday, September 24th. They set a neutral rating and a $15.50 price target for the company.
Shares of NYSE:GHG opened at $12.74 on Thursday. GreenTree Hospitality Group has a 1-year low of $9.50 and a 1-year high of $25.10.
GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings results on Monday, November 19th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $37.39 million for the quarter. Analysts forecast that GreenTree Hospitality Group will post 0.64 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of GHG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of GreenTree Hospitality Group by 25.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 150,352 shares of the company’s stock worth $1,909,000 after acquiring an additional 30,266 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of GreenTree Hospitality Group in the 2nd quarter worth $2,374,000. Prudence Asset Management Ltd acquired a new stake in shares of GreenTree Hospitality Group in the 3rd quarter worth $254,000. Marshall Wace LLP acquired a new stake in shares of GreenTree Hospitality Group in the 3rd quarter worth $410,000. Finally, Wells Fargo & Company MN lifted its stake in shares of GreenTree Hospitality Group by 20.1% in the 3rd quarter. Wells Fargo & Company MN now owns 3,052,866 shares of the company’s stock worth $38,771,000 after acquiring an additional 511,640 shares during the period. Hedge funds and other institutional investors own 9.14% of the company’s stock.
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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