Greystone Housing Impact Investors LP (NYSE:GHI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Greystone Housing Impact Investors LP (NYSE:GHI) by 82.2% in the third quarter, HoldingsChannel.com reports. The firm owned 2,881 shares of the company’s stock after selling 13,292 shares during the quarter. JPMorgan Chase & Co.’s holdings in Greystone Housing Impact Investors were worth $40,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, JMP Securities reduced their price objective on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a research report on Thursday, November 7th.

Greystone Housing Impact Investors Price Performance

Shares of Greystone Housing Impact Investors stock opened at $12.26 on Wednesday. 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 business has a 50 day simple moving average of $11.33 and a two-hundred day simple moving average of $12.65. The stock has a market capitalization of $285.54 million, a P/E ratio of 19.81 and a beta of 0.73. Greystone Housing Impact Investors LP has a 12 month low of $10.12 and a 12 month high of $16.97.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share 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 firm had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.64 million. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, analysts predict that Greystone Housing Impact Investors LP will post 0.49 EPS for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.07%. Greystone Housing Impact Investors’s payout ratio is presently 239.10%.

Greystone Housing Impact Investors 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.