GreenTree Hospitality Group Ltd. (NYSE:GHG) Declares Variable Dividend of $0.10

Posted by Grant Hamersma on Aug 16th, 2024

GreenTree Hospitality Group Ltd. (NYSE:GHG – Get Free Report) announced a Variable dividend on Thursday, August 15th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.10 per share on Wednesday, October 23rd. The ex-dividend date is Monday, September 30th.

GreenTree Hospitality Group Trading Up 0.7 %

NYSE GHG opened at $2.73 on Friday. The firm has a market capitalization of $277.22 million, a P/E ratio of 6.38 and a beta of 0.51. The business has a fifty day simple moving average of $2.51 and a 200 day simple moving average of $2.89. GreenTree Hospitality Group has a 12 month low of $2.31 and a 12 month high of $6.13. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17.

GreenTree Hospitality Group (NYSE:GHG – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.36 EPS for the quarter. The business had revenue of $45.37 million during the quarter. GreenTree Hospitality Group had a return on equity of 21.03% and a net margin of 19.47%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 target price for the company in a research report on Monday, May 20th.

View Our Latest Analysis on GreenTree Hospitality Group

GreenTree Hospitality Group Company Profile

(Get Free Report)

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.