Greystone Housing Impact Investors (NYSE:GHI) Stock Gets Price Target Reduction from JonesTrading

Key Points

• JonesTrading cut its price target on Greystone Housing Impact Investors from $7 to $6 but maintained a Buy rating; the new target implies 51.17% upside from the prior close.
• Analyst views are mixed: one Buy, one Hold, and one Sell rating, leaving the stock with a consensus Hold rating and an average $6 target.
• Shares fell $0.34 to $3.97 on Tuesday. The company’s latest quarterly results beat estimates, with EPS of $0.17 versus $0.11 expected and revenue of $21.95 million versus $20.91 million expected.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) had its price target decreased by analysts at JonesTrading from $7.00 to $6.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. JonesTrading's price target indicates a potential upside of 51.17% from the stock's previous close.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Greystone Housing Impact Investors in a research report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.00.

Greystone Housing Impact Investors Price Performance

Shares of Greystone Housing Impact Investors stock traded down $0.34 during trading on Tuesday, reaching $3.97. 205,608 shares of the company's stock were exchanged, compared to its average volume of 86,507. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19. The company has a market cap of $93.51 million, a P/E ratio of -16.54 and a beta of 0.65. Greystone Housing Impact Investors has a 1-year low of $3.91 and a 1-year high of $8.16. The firm's 50-day moving average price is $5.44 and its 200 day moving average price is $5.88.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. The company had revenue of $21.95 million for the quarter, compared to the consensus estimate of $20.91 million. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. MGO One Seven LLC acquired a new stake in shares of Greystone Housing Impact Investors in the 2nd quarter valued at about $239,000. Ashton Thomas Securities LLC acquired a new position in Greystone Housing Impact Investors during the 1st quarter worth approximately $124,000. Finally, Kestra Advisory Services LLC raised its stake in Greystone Housing Impact Investors by 89.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 30,805 shares of the company's stock worth $176,000 after buying an additional 14,584 shares during the period. Institutional investors own 9.01% of the company's stock.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP NYSE: GHI is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities. Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing. These investments help provide financing for properties that serve lower- and moderate-income households, as well as for student housing developments.

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