Greystone Housing Impact Investors (NYSE:GHI) Price Target Lowered to $14.00 at JMP Securities

Key Points

• JMP Securities lowered its price target for Greystone Housing Impact Investors from $16.00 to $14.00, indicating a potential upside of 36.72% based on the company's previous close.
• Jones Trading also reduced its target price from $15.00 to $13.50 while maintaining a "buy" rating for the stock.
• The company's stock traded down to $10.24, with a market capitalization of $239.59 million and a P/E ratio of 22.27.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) had its price objective dropped by equities researchers at JMP Securities from $16.00 to $14.00 in a report released on Friday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price objective would indicate a potential upside of 36.72% from the company's previous close.

Separately, Jones Trading cut their target price on shares of Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock traded down $0.01 during trading hours on Friday, hitting $10.24. 42,203 shares of the company traded hands, compared to its average volume of 48,807. The firm's 50-day simple moving average is $11.54 and its two-hundred day simple moving average is $11.90. The firm has a market cap of $239.59 million, a P/E ratio of 22.27 and a beta of 0.61. Greystone Housing Impact Investors has a 1-year low of $10.12 and a 1-year high of $14.51. The company has a quick ratio of 9.97, a current ratio of 9.97 and a debt-to-equity ratio of 3.79.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 EPS 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 analysts' expectations of $25.65 million. Greystone Housing Impact Investors had a net margin of 14.02% and a return on equity of 5.25%. As a group, analysts forecast that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several institutional investors have recently bought and sold shares of GHI. Raymond James Financial Inc. bought a new stake in shares of Greystone Housing Impact Investors during the 4th quarter worth approximately $3,240,000. Bluefin Capital Management LLC acquired a new position in Greystone Housing Impact Investors during the first quarter worth $1,272,000. Jane Street Group LLC bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth $351,000. Jones Financial Companies Lllp raised its holdings in shares of Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock valued at $402,000 after purchasing an additional 32,406 shares during the period. Finally, Savvy Advisors Inc. acquired a new position in Greystone Housing Impact Investors during the second quarter worth approximately $179,000. Institutional investors 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.

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