Raymond James Financial Inc. Acquires 24,707 Shares of Greystone Housing Impact Investors LP $GHI

Raymond James Financial Inc. boosted its holdings in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 7.8% in the 1st quarter, Holdings Channel reports. The firm owned 340,762 shares of the company’s stock after buying an additional 24,707 shares during the period. Raymond James Financial Inc.’s holdings in Greystone Housing Impact Investors were worth $4,202,000 at the end of the most recent reporting period.

Separately, Stifel Financial Corp lifted its stake in Greystone Housing Impact Investors by 4.9% during the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock worth $523,000 after purchasing an additional 2,361 shares during the last quarter. Institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Performance

NYSE GHI opened at $10.94 on Friday. The company has a market capitalization of $257.97 million, a price-to-earnings ratio of -136.73 and a beta of 0.58. Greystone Housing Impact Investors LP has a twelve month low of $10.12 and a twelve month high of $14.51. The stock has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $11.66. The company has a quick ratio of 7.93, a current ratio of 7.93 and a debt-to-equity ratio of 3.85.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. The business had revenue of $23.59 million during the quarter, compared to the consensus estimate of $25.65 million. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%. Sell-side analysts expect that Greystone Housing Impact Investors LP will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date was Monday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio is presently -1,500.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GHI. Jones Trading lowered their price target on shares of Greystone Housing Impact Investors from $13.50 to $11.00 and set a “buy” rating for the company in a report on Monday, August 11th. JMP Securities lowered their price target on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.00.

Greystone Housing Impact Investors 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.