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

Greystone Housing Impact Investors (NYSE:GHI) had its price target lowered by Raymond James from $18.50 to $17.50 in a research report report published on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Janney Montgomery Scott assumed coverage on Greystone Housing Impact Investors in a research note on Thursday, August 1st. They issued a buy rating and a $17.00 target price on the stock. Jonestrading cut their price target on shares of Greystone Housing Impact Investors from $20.00 to $17.50 and set a buy rating on the stock in a report on Friday, May 10th.

Greystone Housing Impact Investors Price Performance

Shares of Greystone Housing Impact Investors stock opened at $13.83 on Monday. The company has a debt-to-equity ratio of 2.93, a current ratio of 12.65 and a quick ratio of 12.65. Greystone Housing Impact Investors has a one year low of $13.76 and a one year high of $17.55. The business’s 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $15.50. The stock has a market capitalization of $322.09 million, a P/E ratio of 7.32 and a beta of 0.66.

Greystone Housing Impact Investors (NYSE:GHI) last issued its 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 firm had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $25.57 million. Greystone Housing Impact Investors had a return on equity of 11.65% and a net margin of 45.87%. During the same period in the previous year, the firm earned $0.85 earnings per share. Analysts forecast that Greystone Housing Impact Investors will post 1.19 EPS for the current year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date was Friday, June 28th. Greystone Housing Impact Investors’s payout ratio is 78.31%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in Greystone Housing Impact Investors in the 2nd quarter worth about $31,000. Tucker Asset Management LLC bought a new position in Greystone Housing Impact Investors during the fourth quarter valued at approximately $80,000. Cape Investment Advisory Inc. grew its position in Greystone Housing Impact Investors by 150.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 5,049 shares of the company’s stock worth $85,000 after purchasing an additional 3,035 shares during the period. Pineridge Advisors LLC bought a new stake in Greystone Housing Impact Investors in the 4th quarter worth approximately $144,000. Finally, Cetera Advisors LLC purchased a new stake in Greystone Housing Impact Investors during the 1st quarter valued at $338,000. 9.01% of the stock is owned by institutional investors.

Greystone Housing Impact Investors Company Profile

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.