GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Declares $0.06 Quarterly Dividend

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) announced a quarterly dividend on Tuesday, September 30th, RTT News reports. Investors of record on Friday, October 31st will be paid a dividend of 0.06 per share on Tuesday, November 25th. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, October 31st.

GreenTree Hospitality Group Trading Up 0.5%

Shares of GreenTree Hospitality Group stock opened at $2.21 on Thursday. The stock has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $2.19. GreenTree Hospitality Group has a 12-month low of $1.81 and a 12-month high of $3.35. The company has a market capitalization of $224.36 million, a P/E ratio of 5.14 and a beta of 0.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Genus Capital Management Inc. lifted its position in shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 200.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,616 shares of the company’s stock after acquiring an additional 31,232 shares during the quarter. Genus Capital Management Inc.’s holdings in GreenTree Hospitality Group were worth $38,000 at the end of the most recent quarter. Institutional investors own 8.05% of the company’s stock.

About GreenTree Hospitality Group

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.