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

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 target price dropped by stock analysts at JMP Securities from $16.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' price target points to a potential upside of 34.29% from the stock's previous close.

Separately, Jones Trading reduced their price objective on 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 Stock Performance

Greystone Housing Impact Investors stock traded up $0.04 during trading hours on Friday, reaching $10.43. 1,446 shares of the company were exchanged, compared to its average volume of 48,884. The firm has a market cap of $245.82 million, a price-to-earnings ratio of -130.28 and a beta of 0.61. The company has a current ratio of 9.97, a quick ratio of 9.97 and a debt-to-equity ratio of 3.79. The stock has a 50-day moving average of $11.47 and a 200 day moving average of $11.88. Greystone Housing Impact Investors 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 data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Greystone Housing Impact Investors had a return on equity of 5.49% and a net margin of 0.98%. The company had revenue of $23.59 million during the quarter, compared to analysts' expectations of $25.65 million. As a group, research analysts anticipate that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GHI. Raymond James Financial Inc. bought a new position in shares of Greystone Housing Impact Investors during the fourth quarter valued at $3,240,000. Bluefin Capital Management LLC bought a new position in shares of Greystone Housing Impact Investors during the first quarter valued at $1,272,000. America First Investment Advisors LLC lifted its holdings in shares of Greystone Housing Impact Investors by 111.7% during the second quarter. America First Investment Advisors LLC now owns 120,189 shares of the company's stock valued at $1,361,000 after acquiring an additional 63,417 shares during the period. Jane Street Group LLC bought a new position in shares of Greystone Housing Impact Investors during the fourth quarter valued at $351,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock valued at $402,000 after buying an additional 32,406 shares in the last quarter. 9.01% of the stock is owned by institutional investors.

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.