Greystone Housing Impact Investors (NYSE:GHI) Price Target Cut to $17.50 by Analysts at JMP Securities

Greystone Housing Impact Investors (NYSE:GHI) had its price target decreased by JMP Securities from $19.00 to $17.50 in a research note released on Thursday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Janney Montgomery Scott started coverage on Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective on the stock. Raymond James lowered their price target on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a research report on Monday, August 12th.

Greystone Housing Impact Investors Price Performance

Shares of GHI traded down $0.05 during mid-day trading on Thursday, hitting $11.97. 134,281 shares of the company were exchanged, compared to its average volume of 49,640. The stock has a market cap of $278.78 million, a price-to-earnings ratio of 9.71 and a beta of 0.70. Greystone Housing Impact Investors has a 1-year low of $11.72 and a 1-year high of $17.55. The company has a 50 day moving average of $13.35 and a 200-day moving average of $14.28. The company has a debt-to-equity ratio of 3.36, a quick ratio of 13.29 and a current ratio of 13.29.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). The company had revenue of $21.97 million during the quarter, compared to analyst estimates of $25.57 million. Greystone Housing Impact Investors had a net margin of 32.12% and a return on equity of 6.90%. During the same period in the prior year, the business posted $0.85 EPS. Analysts expect that Greystone Housing Impact Investors will post 1.13 EPS for the current fiscal year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.37 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 12.36%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 119.61%.

Institutional Trading of Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Capital Wealth Management LLC boosted its stake in Greystone Housing Impact Investors by 7.1% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 24,827 shares of the company’s stock worth $368,000 after purchasing an additional 1,644 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Greystone Housing Impact Investors in the 2nd quarter valued at approximately $31,000. Cape Investment Advisory Inc. lifted its holdings in shares of Greystone Housing Impact Investors by 60.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock valued at $132,000 after buying an additional 3,056 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Greystone Housing Impact Investors during the first quarter worth $338,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.