Greystone Housing Impact Investors (NYSE:GHI) Releases Quarterly Earnings Results, Misses Estimates By $0.48 EPS

Greystone Housing Impact Investors (NYSE:GHI) issued its quarterly earnings results on Monday. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48), Zacks reports. The business had revenue of $17.15 million for the quarter, compared to analysts’ expectations of $24.35 million. Greystone Housing Impact Investors had a net margin of 8.11% and a return on equity of 8.07%.

Greystone Housing Impact Investors Stock Performance

Greystone Housing Impact Investors stock traded down $0.71 during mid-day trading on Tuesday, reaching $6.47. The company’s stock had a trading volume of 79,470 shares, compared to its average volume of 79,837. The firm’s fifty day moving average price is $7.69 and its two-hundred day moving average price is $8.21. The company has a debt-to-equity ratio of 3.65, a quick ratio of 6.63 and a current ratio of 6.63. Greystone Housing Impact Investors has a 12-month low of $6.01 and a 12-month high of $13.29. The company has a market capitalization of $152.66 million, a P/E ratio of 35.44 and a beta of 0.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Greystone Housing Impact Investors presently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of large investors have recently made changes to their positions in GHI. Equitable Holdings Inc. grew its position in shares of Greystone Housing Impact Investors by 40.6% in the fourth quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock valued at $2,300,000 after purchasing an additional 96,369 shares in the last quarter. Royal Bank of Canada lifted its holdings in Greystone Housing Impact Investors by 30.9% during the 4th quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock worth $1,829,000 after purchasing an additional 62,612 shares in the last quarter. Jump Financial LLC bought a new position in Greystone Housing Impact Investors in the 4th quarter worth about $265,000. Jones Financial Companies Lllp boosted its stake in Greystone Housing Impact Investors by 14,338.9% in the 1st 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 period. Finally, Jane Street Group LLC purchased a new position in Greystone Housing Impact Investors during the 4th quarter valued at about $106,000. 9.01% of the stock is owned by institutional investors.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.