Greystone Housing Impact Investors (NYSE:GHI) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Greystone Housing Impact Investors has received a "Sell (D+)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• Several investment firms have adjusted their target prices for the stock, with JMP Securities reducing it to $14.00 and Jones Trading lowering it to $11.00.
• The company's quarterly earnings report showed earnings per share of $0.25, exceeding estimates, but revenue fell short of expectations at $23.59 million.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on the company. JMP Securities lowered their target price on Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating for the company in a report on Friday, August 8th. Jones Trading lowered their target price on Greystone Housing Impact Investors from $13.50 to $11.00 and set a "buy" rating for the company in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Greystone Housing Impact Investors currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Greystone Housing Impact Investors Stock Performance

NYSE GHI opened at $10.25 on Wednesday. The stock has a market cap of $241.70 million, a PE ratio of -128.11 and a beta of 0.57. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. Greystone Housing Impact Investors has a twelve month low of $10.10 and a twelve month high of $13.90. The stock has a fifty day simple moving average of $10.65 and a 200-day simple moving average of $11.33.

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

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Greystone Housing Impact Investors by 16.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company's stock valued at $99,000 after buying an additional 1,250 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Greystone Housing Impact Investors during the 2nd quarter worth about $37,000. Motco acquired a new stake in shares of Greystone Housing Impact Investors during the 2nd quarter worth about $46,000. Royal Bank of Canada raised its position in shares of Greystone Housing Impact Investors by 9.3% during the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock worth $2,048,000 after acquiring an additional 14,163 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its position in shares of Greystone Housing Impact Investors by 61.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company's stock worth $505,000 after acquiring an additional 15,630 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.