Greystone Housing Impact Investors (NYSE:GHI) Shares Down 1.7% – What’s Next?

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Janney Montgomery Scott assumed coverage on Greystone Housing Impact Investors in a research note on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective for the company. Raymond James decreased their price objective on 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.

Greystone Housing Impact Investors Stock Down 1.7 %

The firm has a 50 day moving average price of $13.58 and a 200-day moving average price of $14.40. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 3.36. The firm has a market cap of $281.10 million, a PE ratio of 6.39 and a beta of 0.68.

Greystone Housing Impact Investors (NYSE:GHI) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The business had revenue of $21.97 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.85 EPS. Research analysts forecast that Greystone Housing Impact Investors LP will post 1.13 EPS for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.26%. The ex-dividend date of this dividend is Monday, September 30th. Greystone Housing Impact Investors’s payout ratio is 78.31%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in Greystone Housing Impact Investors during the first quarter worth approximately $338,000. Ashton Thomas Private Wealth LLC acquired a new position in Greystone Housing Impact Investors during the second quarter worth approximately $31,000. Cape Investment Advisory Inc. increased its position in Greystone Housing Impact Investors by 60.5% during the first 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 during the period. Finally, Royal Capital Wealth Management LLC increased its position in Greystone Housing Impact Investors by 7.1% during the second 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. 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.