Greystone Housing Impact Investors (NYSE:GHI) Stock Price Down 1.7% - What's Next?

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

Analysts Set New Price Targets

GHI has been the subject of a number of recent research reports. Raymond James dropped their price target 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 assumed coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They issued a "buy" rating and a $17.00 price objective on the stock.

Greystone Housing Impact Investors Trading Up 6.0 %

The company has a debt-to-equity ratio of 3.36, a quick ratio of 13.29 and a current ratio of 13.29. The stock has a market capitalization of $298.10 million, a price-to-earnings ratio of 10.32 and a beta of 0.68. The business has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $14.39.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $25.57 million. Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, research analysts expect that Greystone Housing Impact Investors LP will post 1.13 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend is Monday, September 30th. Greystone Housing Impact Investors's dividend payout ratio (DPR) is currently 119.35%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Greystone Housing Impact Investors during the 2nd quarter worth $31,000. Cape Investment Advisory Inc. increased its holdings 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 valued at $132,000 after buying an additional 3,056 shares during the period. Cetera Advisors LLC acquired a new position in shares of Greystone Housing Impact Investors in the 1st quarter valued at approximately $338,000. Finally, Royal Capital Wealth Management LLC lifted 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 acquiring an additional 1,644 shares during the period. Institutional investors 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.