Greystone Housing Impact Investors (NYSE:GHI) Stock Gets Price Target Cut from JonesTrading

Greystone Housing Impact Investors (NYSE:GHI) had its price objective cut by JonesTrading from $7.00 to $6.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock opened at $4.08 on Tuesday. The company has a market capitalization of $95.82 million, a PE ratio of -22.66 and a beta of 0.65. The company has a current ratio of 4.79, a quick ratio of 6.19 and a debt-to-equity ratio of 4.40. The stock has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $5.82. Greystone Housing Impact Investors has a 12 month low of $3.91 and a 12 month high of $8.16.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Monday, November 9th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $21.95 million for the quarter, compared to analyst estimates of $20.91 million. Greystone Housing Impact Investors had a return on equity of 4.42% and a net margin of 0.46%.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 13.7%. Greystone Housing Impact Investors’s payout ratio is -311.11%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several large investors have recently made changes to their positions in the business. MGO One Seven LLC bought a new stake in Greystone Housing Impact Investors in the second quarter worth about $239,000. Ashton Thomas Securities LLC bought a new stake in shares of Greystone Housing Impact Investors in the first quarter valued at approximately $124,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Greystone Housing Impact Investors by 89.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 30,805 shares of the company’s stock valued at $176,000 after buying an additional 14,584 shares in the last quarter. 9.01% of the stock is owned by hedge funds and other institutional investors.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities. Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing. These investments help provide financing for properties that serve lower- and moderate-income households, as well as for student housing developments.