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

Greystone Housing Impact Investors LP (NYSE:GHI) shares were down 1.7% on Tuesday . The stock traded as low as $11.94 and last traded at $12.07. Approximately 153,317 shares were traded during trading, an increase of 220% from the average daily volume of 47,885 shares. The stock had previously closed at $12.28.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James reduced their target price on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a report on Monday, August 12th. Janney Montgomery Scott assumed coverage on shares of Greystone Housing Impact Investors in a report on Thursday, August 1st. They set a “buy” rating and a $17.00 target price for the company.

Greystone Housing Impact Investors Trading Down 2.3 %

The stock’s 50 day moving average price is $13.54 and its 200-day moving average price is $14.38. The company has a quick ratio of 13.29, a current ratio of 13.29 and a debt-to-equity ratio of 3.36. The stock has a market capitalization of $291.35 million, a PE ratio of 10.09 and a beta of 0.68.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. The firm had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $25.57 million. During the same period last year, the company earned $0.85 earnings per share. On average, sell-side analysts expect that Greystone Housing Impact Investors LP will post 1.13 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.83%. Greystone Housing Impact Investors’s dividend payout ratio is 119.35%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Capital Wealth Management LLC lifted its position in Greystone Housing Impact Investors by 7.1% during the second quarter. Royal Capital Wealth Management LLC now owns 24,827 shares of the company’s stock valued at $368,000 after purchasing an additional 1,644 shares during the last quarter. Cetera Advisors LLC bought a new position in Greystone Housing Impact Investors during the first quarter valued at $338,000. Cape Investment Advisory Inc. lifted its position in Greystone Housing Impact Investors by 60.5% during the first quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock valued at $132,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Greystone Housing Impact Investors during the second quarter valued at $31,000. Institutional investors own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

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.