Greystone Housing Impact Investors (NYSE:GHI) Trading Up 0.7% – What’s Next?

Greystone Housing Impact Investors LP (NYSE:GHI) shares traded up 0.7% during trading on Thursday . The company traded as high as $11.84 and last traded at $11.82. 81,237 shares changed hands during trading, an increase of 52% from the average session volume of 53,379 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Raymond James decreased their target price on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a research report on Monday, August 12th. JMP Securities reduced their target price on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating on the stock in a report on Thursday, November 7th.

Greystone Housing Impact Investors Stock Up 0.6 %

The firm has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $13.90. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The company has a market cap of $276.92 million, a PE ratio of 19.19 and a beta of 0.70.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.43). Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%. The company had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.64 million. During the same period in the prior year, the company earned $0.39 EPS. Equities research analysts predict that Greystone Housing Impact Investors LP will post 0.49 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date was Monday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio is currently 239.10%.

Institutional Trading of Greystone Housing Impact Investors

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in Greystone Housing Impact Investors during the 2nd quarter worth approximately $31,000. Cape Investment Advisory Inc. increased its position in Greystone Housing Impact Investors by 60.5% during the 1st quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock worth $132,000 after purchasing an additional 3,056 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Greystone Housing Impact Investors during the 1st quarter worth approximately $338,000. Finally, Royal Capital Wealth Management LLC increased its position in 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 purchasing an additional 1,644 shares in the last quarter. Institutional investors and hedge funds 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.