Greystone Housing Impact Investors (NYSE:GHI) Trading Up 1.7% – What’s Next?

Greystone Housing Impact Investors LP (NYSE:GHI)’s share price traded up 1.7% on Tuesday . The stock traded as high as $5.46 and last traded at $5.37. 51,778 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 62,439 shares. The stock had previously closed at $5.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GHI shares. JonesTrading reduced their price target on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Citizens Jmp cut shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday, March 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Tuesday, June 16th. Finally, Wall Street Zen upgraded Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Greystone Housing Impact Investors Trading Up 0.4%

The company has a debt-to-equity ratio of 4.12, a quick ratio of 10.74 and a current ratio of 10.74. The company has a 50 day simple moving average of $5.40 and a two-hundred day simple moving average of $6.24. The company has a market cap of $123.83 million, a PE ratio of -10.94 and a beta of 0.67.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%. The business had revenue of $21.79 million during the quarter, compared to analyst estimates of $22.48 million.

Greystone Housing Impact Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.14 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 10.7%. Greystone Housing Impact Investors’s dividend payout ratio is presently -116.67%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of Greystone Housing Impact Investors in the third quarter worth $69,000. EverSource Wealth Advisors LLC boosted its position in Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after purchasing an additional 1,250 shares during the last quarter. Abel Hall LLC acquired a new stake in Greystone Housing Impact Investors during the first quarter valued at $49,000. Corient Private Wealth LLC purchased a new position in Greystone Housing Impact Investors in the fourth quarter valued at about $71,000. Finally, LPL Financial LLC acquired a new position in Greystone Housing Impact Investors in the 4th quarter worth about $76,000. 9.01% of the stock is currently owned by hedge funds and other institutional investors.

About Greystone Housing Impact Investors

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.