Raymond James Financial Inc. Makes New $3.24 Million Investment in Greystone Housing Impact Investors LP (NYSE:GHI)

Raymond James Financial Inc. bought a new position in shares of Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 316,055 shares of the company's stock, valued at approximately $3,240,000. Raymond James Financial Inc. owned 1.36% of Greystone Housing Impact Investors at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Raymond James restated an "outperform" rating and set a $17.00 price objective (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

GHI traded down $0.43 on Monday, hitting $12.33. 22,175 shares of the company's stock traded hands, compared to its average volume of 65,856. Greystone Housing Impact Investors LP has a one year low of $10.12 and a one year high of $16.29. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36. The firm has a market cap of $285.68 million, a price-to-earnings ratio of 16.01 and a beta of 0.69. The company's 50 day simple moving average is $12.55 and its 200-day simple moving average is $12.27.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The firm had revenue of $22.59 million for the quarter, compared to analysts' expectations of $26.02 million. As a group, research analysts anticipate that Greystone Housing Impact Investors LP will post 1.9 EPS for the current 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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 12.00%. The ex-dividend date is Monday, March 31st. Greystone Housing Impact Investors's payout ratio is currently 192.21%.

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.