GreenTree Hospitality Group (NYSE:GHG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

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, CLSA started coverage on GreenTree Hospitality Group in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $15.70 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.83.

Shares of GreenTree Hospitality Group stock traded down $0.11 during trading on Monday, hitting $14.60. 95,417 shares of the company were exchanged, compared to its average volume of 80,616. The firm has a market capitalization of $1.45 billion and a P/E ratio of 23.93. 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 posted its earnings results on Thursday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $36.34 million during the quarter. GreenTree Hospitality Group had a return on equity of 25.30% and a net margin of 41.76%. On average, equities research analysts expect that GreenTree Hospitality Group will post 0.81 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position 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 valued at $875,000 after purchasing an additional 8,736 shares during the period. Sylebra HK Co Ltd lifted its stake in GreenTree Hospitality Group by 15.5% in the 4th quarter. Sylebra HK Co Ltd now owns 758,975 shares of the company’s stock valued at $9,859,000 after acquiring an additional 101,803 shares in the last quarter. Westwood Global Investments LLC bought a new stake in GreenTree Hospitality Group in the 4th quarter valued at approximately $9,527,000. Bank of America Corp DE lifted its stake in GreenTree Hospitality Group by 223.0% in the 4th quarter. Bank of America Corp DE now owns 335,428 shares of the company’s stock valued at $4,357,000 after acquiring an additional 231,589 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in GreenTree Hospitality Group by 7.3% in the 4th quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock valued at $304,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.

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