JMP Securities Lowers Greystone Housing Impact Investors (NYSE:GHI) Price Target to $17.50

Greystone Housing Impact Investors (NYSE:GHI) had its price target cut by equities researchers at JMP Securities from $19.00 to $17.50 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective indicates a potential upside of 45.59% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Raymond James decreased their price objective on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a research note on Monday, August 12th. Janney Montgomery Scott started coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They set a “buy” rating and a $17.00 target price on the stock.

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI traded up $0.17 during midday trading on Thursday, reaching $12.02. 59,032 shares of the company’s stock traded hands, compared to its average volume of 49,163. The company has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $14.30. Greystone Housing Impact Investors has a 1 year low of $11.72 and a 1 year high of $17.55. The company has a market cap of $279.93 million, a P/E ratio of 9.75 and a beta of 0.70. The company has a debt-to-equity ratio of 3.36, a quick ratio of 13.29 and a current ratio of 13.29.

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

Institutional Investors Weigh In On Greystone Housing Impact Investors

A number of institutional investors and hedge funds have recently modified their holdings of GHI. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Greystone Housing Impact Investors in the second quarter worth $31,000. Cape Investment Advisory Inc. lifted its position in Greystone Housing Impact Investors by 60.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock worth $132,000 after buying an additional 3,056 shares in the last quarter. Cetera Advisors LLC bought a new position in Greystone Housing Impact Investors during the first quarter valued at approximately $338,000. Finally, Royal Capital Wealth Management LLC boosted its holdings in shares of Greystone Housing Impact Investors by 7.1% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 24,827 shares of the company’s stock worth $368,000 after buying an additional 1,644 shares during the period. 9.01% of the stock is owned by institutional investors and hedge funds.

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.