EverSource Wealth Advisors LLC Raises Position in Greystone Housing Impact Investors LP (NYSE:GHI)

EverSource Wealth Advisors LLC grew its position in Greystone Housing Impact Investors LP (NYSE:GHI) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,477 shares of the company’s stock after acquiring an additional 1,000 shares during the period. EverSource Wealth Advisors LLC’s holdings in Greystone Housing Impact Investors were worth $77,000 at the end of the most recent quarter.

Separately, Raymond James Financial Inc. purchased a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at about $3,240,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Up 0.6 %

GHI stock opened at $13.16 on Wednesday. The company has a market cap of $304.81 million, a P/E ratio of 17.08 and a beta of 0.69. Greystone Housing Impact Investors LP has a 52 week low of $10.12 and a 52 week high of $16.82. The company’s 50-day moving average price is $12.34 and its 200 day moving average price is $12.33. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $22.59 million for the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. On average, research analysts expect that Greystone Housing Impact Investors LP will post 1.9 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 Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date of this dividend is Monday, March 31st. Greystone Housing Impact Investors’s payout ratio is currently 192.21%.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed an “outperform” rating and issued a $17.00 target price (down previously from $17.50) on shares of Greystone Housing Impact Investors in a report on Tuesday.

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.