JMP Securities Cuts Greystone Housing Impact Investors (NYSE:GHI) Price Target to $16.00

Greystone Housing Impact Investors (NYSE:GHI - Free Report) had its price objective cut by JMP Securities from $17.50 to $16.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Separately, Raymond James reissued an "outperform" rating and issued a $17.00 target price (down from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th.

Greystone Housing Impact Investors Price Performance

NYSE GHI traded down $0.10 during trading on Tuesday, reaching $11.53. The company's stock had a trading volume of 432 shares, compared to its average volume of 65,402. Greystone Housing Impact Investors has a one year low of $10.12 and a one year high of $15.90. The stock has a market capitalization of $267.07 million, a PE ratio of 15.03 and a beta of 0.52. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78. The firm has a fifty day moving average of $12.20 and a 200 day moving average of $12.00.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. The company had revenue of $22.59 million during the quarter, compared to analysts' expectations of $26.02 million. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. Analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 12.84%. The ex-dividend date is Monday, March 31st. Greystone Housing Impact Investors's payout ratio is presently 192.21%.

Institutional Trading of Greystone Housing Impact Investors

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Greystone Housing Impact Investors by 15.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company's stock valued at $77,000 after acquiring an additional 1,000 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at approximately $134,000. Commonwealth Equity Services LLC raised its holdings in Greystone Housing Impact Investors by 12.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock worth $137,000 after purchasing an additional 1,527 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Greystone Housing Impact Investors during the 4th quarter worth $152,000. Finally, Virtu Financial LLC acquired a new position in Greystone Housing Impact Investors during the fourth quarter worth $164,000. Institutional investors and hedge funds own 9.01% of the company's stock.

Greystone Housing Impact Investors Company Profile

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.