JMP Securities Has Lowered Expectations for Greystone Housing Impact Investors (NYSE:GHI) Stock Price

Greystone Housing Impact Investors (NYSE:GHI - Free Report) had its price target decreased by JMP Securities from $17.50 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Separately, Raymond James reiterated an "outperform" rating and issued a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th.

Greystone Housing Impact Investors Trading Down 2.5 %

GHI stock traded down $0.30 during mid-day trading on Tuesday, hitting $11.34. 45,928 shares of the company were exchanged, compared to its average volume of 65,710. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $15.90. The firm has a market capitalization of $262.64 million, a P/E ratio of 14.72 and a beta of 0.52. The business has a fifty day simple moving average of $12.17 and a 200-day simple moving average of $11.97. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted 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. The firm had revenue of $22.59 million for the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. On average, equities research analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.06%. Greystone Housing Impact Investors's dividend payout ratio is currently 192.21%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Greystone Housing Impact Investors during the fourth quarter worth approximately $3,240,000. EverSource Wealth Advisors LLC raised its stake in Greystone Housing Impact Investors by 15.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company's stock worth $77,000 after acquiring an additional 1,000 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Greystone Housing Impact Investors by 12.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock worth $137,000 after acquiring an additional 1,527 shares in the last quarter. Virtu Financial LLC purchased a new stake in Greystone Housing Impact Investors in the fourth quarter valued at $164,000. Finally, Samalin Investment Counsel LLC boosted its stake in Greystone Housing Impact Investors by 40.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company's stock valued at $634,000 after acquiring an additional 17,881 shares in the last quarter. Institutional investors and hedge funds own 9.01% of the company's stock.

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.