Greystone Housing Impact Investors (NYSE:GHI) Trading Down 1.7% – What’s Next?

Greystone Housing Impact Investors LP (NYSE:GHI)’s share price dropped 1.7% during mid-day trading on Tuesday . The stock traded as low as $11.94 and last traded at $12.07. Approximately 153,317 shares were traded during mid-day trading, an increase of 220% from the average daily volume of 47,885 shares. The stock had previously closed at $12.28.

Analyst Ratings Changes

GHI has been the subject of several analyst reports. Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 target price for the company. Raymond James lowered their target price on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a report on Monday, August 12th.

Greystone Housing Impact Investors Stock Down 2.3 %

The company has a market cap of $291.35 million, a PE ratio of 10.09 and a beta of 0.68. The company’s 50 day moving average is $13.54 and its 200 day moving average is $14.38. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 3.36.

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 analysts’ expectations of $25.57 million. Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. During the same period in the prior year, the business earned $0.85 EPS. As a group, analysts predict that Greystone Housing Impact Investors LP will post 1.13 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Monday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 119.35%.

Institutional Inflows and Outflows

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

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.