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 objective reduced by equities researchers at JMP Securities from $19.00 to $17.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target points to a potential upside of 45.59% from the company’s previous close.

GHI has been the subject of a number of other reports. Raymond James reduced their price objective on shares of 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. Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective on the stock.

Greystone Housing Impact Investors Trading Up 1.4 %

Shares of NYSE:GHI traded up $0.17 during midday trading on Thursday, hitting $12.02. The company had a trading volume of 59,032 shares, compared to its average volume of 49,163. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 3.36. The stock has a market cap of $279.93 million, a price-to-earnings ratio of 9.75 and a beta of 0.70. The firm has a fifty day simple moving average of $13.40 and a 200 day simple moving average of $14.30. Greystone Housing Impact Investors has a 12 month low of $11.72 and a 12 month high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. The company had revenue of $21.97 million for the quarter, compared to the consensus estimate of $25.57 million. During the same period in the previous year, the firm posted $0.85 EPS. On average, analysts predict that Greystone Housing Impact Investors will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Greystone Housing Impact Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in GHI. Royal Capital Wealth Management LLC increased its stake in Greystone Housing Impact Investors by 7.1% during the second 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 acquired a new stake in Greystone Housing Impact Investors during the second quarter worth approximately $31,000. Cape Investment Advisory Inc. grew its stake in Greystone Housing Impact Investors by 60.5% during the first quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock worth $132,000 after buying an additional 3,056 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of Greystone Housing Impact Investors during the first quarter valued at about $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.