Jones Trading Cuts Greystone Housing Impact Investors (NYSE:GHI) Price Target to $13.50

Greystone Housing Impact Investors (NYSE:GHI) had its target price lowered by Jones Trading from $15.00 to $13.50 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on GHI. Raymond James reiterated an “outperform” rating and issued a $17.00 price objective (down from $17.50) on shares of Greystone Housing Impact Investors in a report on Tuesday, March 18th. JMP Securities lowered their price target on 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.

Greystone Housing Impact Investors Trading Up 2.4 %

NYSE GHI opened at $11.65 on Thursday. The company has a 50-day moving average of $12.06 and a 200-day moving average of $11.86. The company has a market cap of $269.94 million, a P/E ratio of 15.13 and a beta of 0.60. 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 has a 12 month low of $10.12 and a 12 month high of $15.80.

Greystone Housing Impact Investors (NYSE:GHI) last posted its earnings results on Wednesday, May 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. The firm had revenue of $25.13 million for the quarter, compared to analysts’ expectations of $23.89 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. As a group, equities analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.70%. The ex-dividend date was Monday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio is presently 321.74%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several hedge funds have recently modified their holdings of GHI. Raymond James Financial Inc. purchased a new stake in Greystone Housing Impact Investors during the fourth quarter valued at about $3,240,000. Samalin Investment Counsel LLC lifted its position in shares of 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 valued at $634,000 after acquiring an additional 17,881 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in Greystone Housing Impact Investors in the 4th quarter worth approximately $628,000. Stifel Financial Corp grew its position in Greystone Housing Impact Investors by 4.9% during the 4th quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock worth $523,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Greystone Housing Impact Investors during the 4th quarter valued at $351,000. 9.01% of the stock is owned by hedge funds and other 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.