Citizens Jmp Cuts Greystone Housing Impact Investors (NYSE:GHI) Price Target to $12.00

Greystone Housing Impact Investors (NYSE:GHI) had its price target decreased by Citizens Jmp from $14.00 to $12.00 in a research report sent to investors on Friday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other equities analysts have also recently commented on GHI. Weiss Ratings reissued a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Wednesday, October 8th. Jones Trading reduced their price objective on Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JMP Securities lowered their price objective on Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Greystone Housing Impact Investors presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Greystone Housing Impact Investors Stock Performance

Greystone Housing Impact Investors stock traded up $0.03 during trading on Friday, reaching $7.09. The company had a trading volume of 145,681 shares, compared to its average volume of 59,642. The firm has a market capitalization of $167.20 million, a price-to-earnings ratio of -88.61 and a beta of 0.55. 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’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $10.87. Greystone Housing Impact Investors has a 52 week low of $6.96 and a 52 week high of $13.29.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36). Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The firm had revenue of $21.68 million during the quarter, compared to analysts’ expectations of $24.29 million. Sell-side analysts forecast that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Trading of Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHI. Bluefin Capital Management LLC purchased a new stake in Greystone Housing Impact Investors during the 1st quarter valued at about $1,272,000. America First Investment Advisors LLC boosted its stake in Greystone Housing Impact Investors by 111.7% during the 2nd quarter. America First Investment Advisors LLC now owns 120,189 shares of the company’s stock worth $1,361,000 after purchasing an additional 63,417 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Greystone Housing Impact Investors by 14,338.9% during the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after purchasing an additional 32,406 shares during the last quarter. Raymond James Financial Inc. lifted its position in Greystone Housing Impact Investors by 7.8% in the first quarter. Raymond James Financial Inc. now owns 340,762 shares of the company’s stock valued at $4,202,000 after purchasing an additional 24,707 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in shares of Greystone Housing Impact Investors in the 2nd quarter valued at about $179,000. 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.