JMP Securities Has Lowered Expectations for Greystone Housing Impact Investors (NYSE:GHI) Stock Price

Greystone Housing Impact Investors (NYSE:GHI) had its target price reduced by JMP Securities from $19.00 to $17.50 in a research report released on Thursday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Janney Montgomery Scott assumed coverage on Greystone Housing Impact Investors in a research report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective for the company. Raymond James cut their price objective on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a report on Monday, August 12th.

Greystone Housing Impact Investors Price Performance

NYSE:GHI traded down $0.05 during trading hours on Thursday, reaching $11.97. 134,281 shares of the company traded hands, compared to its average volume of 49,640. Greystone Housing Impact Investors has a 1-year low of $11.72 and a 1-year high of $17.55. The stock has a market cap of $278.78 million, a P/E ratio of 9.71 and a beta of 0.70. The firm’s 50-day moving average is $13.35 and its 200-day moving average is $14.28. The company has a debt-to-equity ratio of 3.36, a current ratio of 13.29 and a quick ratio of 13.29.

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

Greystone Housing Impact Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date was Monday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio is currently 119.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Capital Wealth Management LLC boosted 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 valued at $368,000 after buying an additional 1,644 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Greystone Housing Impact Investors during the 1st quarter worth about $338,000. Cape Investment Advisory Inc. lifted 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 valued at $132,000 after buying an additional 3,056 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Greystone Housing Impact Investors in the second quarter worth about $31,000. 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.