GreenTree Hospitality Group Ltd – (NYSE:GHG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $15.50 for the company, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 154 out of 255 based on the ratings given to its competitors.
Several research analysts have recently weighed in on GHG shares. CLSA set a $15.30 price objective on GreenTree Hospitality Group and gave the stock a “buy” rating in a research report on Tuesday, October 15th. TheStreet cut GreenTree Hospitality Group from a “c-” rating to a “d” rating in a research report on Thursday, September 26th. Goldman Sachs Group raised GreenTree Hospitality Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $16.40 to $14.50 in a research report on Friday, September 13th. Finally, Zacks Investment Research raised GreenTree Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Friday, November 22nd.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in GreenTree Hospitality Group by 10.4% during the third quarter. State Street Corp now owns 16,404 shares of the company’s stock valued at $164,000 after purchasing an additional 1,546 shares during the last quarter. FNY Investment Advisers LLC raised its stake in GreenTree Hospitality Group by 242.5% in the third quarter. FNY Investment Advisers LLC now owns 5,138 shares of the company’s stock valued at $51,000 after buying an additional 3,638 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in GreenTree Hospitality Group in the third quarter valued at approximately $105,000. Atria Investments LLC bought a new stake in GreenTree Hospitality Group in the second quarter valued at approximately $766,000. Finally, Aubrey Capital Management Ltd raised its stake in GreenTree Hospitality Group by 1.1% in the second quarter. Aubrey Capital Management Ltd now owns 468,750 shares of the company’s stock valued at $6,094,000 after buying an additional 5,200 shares during the period. 8.70% of the stock is owned by hedge funds and other institutional investors.
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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