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Greystone Housing Impact Investors (NYSE:GHI – Free Report) had its price target trimmed by Jones Trading from $15.00 to $13.50 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
GHI has been the topic of several other reports. JMP Securities lowered their target price on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 22nd. Raymond James reissued an “outperform” rating and set a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a report on Tuesday, March 18th.
Get Our Latest Research Report on Greystone Housing Impact Investors
Greystone Housing Impact Investors Stock Up 2.4 %
Shares of Greystone Housing Impact Investors stock opened at $11.65 on Thursday. The firm has a market cap of $269.94 million, a price-to-earnings ratio of 15.13 and a beta of 0.60. The stock has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $11.86. Greystone Housing Impact Investors has a 52-week low of $10.12 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.
Greystone Housing Impact Investors (NYSE:GHI – Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The company had revenue of $25.13 million during the quarter, compared to the consensus estimate of $23.89 million. On average, equities research analysts expect that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.
Greystone Housing Impact Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.70%. The ex-dividend date was Monday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio is 321.74%.
Institutional Investors Weigh In On Greystone Housing Impact Investors
Several hedge funds and other institutional investors have recently made changes to their positions in GHI. Raymond James Financial Inc. acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth about $3,240,000. Samalin Investment Counsel LLC increased its position in Greystone Housing Impact Investors by 40.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock worth $634,000 after buying an additional 17,881 shares during the period. Bullseye Investment Management LLC acquired a new position in shares of Greystone Housing Impact Investors during the fourth quarter worth approximately $628,000. Stifel Financial Corp boosted its position in shares of Greystone Housing Impact Investors by 4.9% in the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock valued at $523,000 after acquiring an additional 2,361 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter worth $351,000. 9.01% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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