Greystone Housing Impact Investors LP $GHI Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in Greystone Housing Impact Investors LP by 7.8%, amounting to approximately $4.20 million and representing 1.47% of the company's shares.
• The company recently cut its quarterly dividend to $0.30 per share, leading to a high dividend payout ratio of -1,500.00%.
• Wall Street analysts have mixed views on Greystone's stock, with price targets ranging from $11.00 to $14.00, reflecting an average rating of "Buy".

Raymond James Financial Inc. raised its stake in shares of Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,762 shares of the company's stock after purchasing an additional 24,707 shares during the period. Raymond James Financial Inc. owned 1.47% of Greystone Housing Impact Investors worth $4,202,000 at the end of the most recent quarter.

Separately, Stifel Financial Corp lifted its holdings in Greystone Housing Impact Investors by 4.9% during the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company's stock valued at $523,000 after purchasing an additional 2,361 shares in the last quarter. Institutional investors and hedge funds own 9.01% of the company's stock.

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI traded down $0.06 during midday trading on Thursday, hitting $10.70. The company's stock had a trading volume of 44,472 shares, compared to its average volume of 50,058. The business's 50 day simple moving average is $10.95 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 3.85, a quick ratio of 7.93 and a current ratio of 7.93. The company has a market cap of $252.21 million, a P/E ratio of -133.68 and a beta of 0.58. Greystone Housing Impact Investors LP has a 12-month low of $10.12 and a 12-month high of $14.51.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $23.59 million for the quarter, compared to the consensus estimate of $25.65 million. Greystone Housing Impact Investors had a net margin of 0.98% and a return on equity of 5.63%. On average, analysts forecast that Greystone Housing Impact Investors LP will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, June 30th. Greystone Housing Impact Investors's dividend payout ratio (DPR) is currently -1,500.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on GHI shares. Jones Trading decreased their price objective on shares of Greystone Housing Impact Investors from $13.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, August 11th. JMP Securities decreased their price objective on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating on the stock in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Greystone Housing Impact Investors currently has an average rating of "Buy" and a consensus target price of $14.00.

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.