Greystone Housing Impact Investors (NYSE:GHI) Given New $9.00 Price Target at Jones Trading

Greystone Housing Impact Investors (NYSE:GHI) had its target price decreased by analysts at Jones Trading from $11.00 to $9.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jones Trading’s price objective would suggest a potential upside of 21.95% from the stock’s previous close.

A number of other analysts also recently commented on GHI. JMP Securities decreased their target price on Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Greystone Housing Impact Investors Trading Down 10.4%

Shares of GHI opened at $7.38 on Friday. Greystone Housing Impact Investors has a twelve month low of $7.35 and a twelve month high of $13.29. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. The firm has a market capitalization of $174.04 million, a P/E ratio of -92.24 and a beta of 0.55. The firm’s 50-day moving average is $9.91 and its two-hundred day moving average is $10.91.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The business had revenue of $23.59 million for the quarter, compared to analyst estimates of $25.65 million. On average, research analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. grew its stake in Greystone Housing Impact Investors by 7.8% in the 1st quarter. Raymond James Financial Inc. now owns 340,762 shares of the company’s stock worth $4,202,000 after acquiring an additional 24,707 shares during the period. Bluefin Capital Management LLC purchased a new position in shares of Greystone Housing Impact Investors during the 1st quarter worth $1,272,000. Motco acquired a new stake in shares of Greystone Housing Impact Investors during the second quarter worth $46,000. Freestone Capital Holdings LLC boosted its holdings in shares of Greystone Housing Impact Investors by 61.8% during the first quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company’s stock worth $505,000 after purchasing an additional 15,630 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Greystone Housing Impact Investors in the second quarter valued at $37,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

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.