Greystone Housing Impact Investors (NYSE:GHI) Stock Rating Lowered by Citizens Jmp

Key Points

• Greystone was downgraded by Citizens Jmp from "outperform" to "market perform," while JonesTrading cut its price target from $9.00 to $7.00 and the stock's consensus rating sits at "Hold" with an average price target of $9.50.
• The company missed its latest quarter, reporting EPS of $0.12 versus the $0.60 consensus and revenue of $17.15 million against $24.35 million, with a negative net margin of 5.95%.
• Shares opened at $5.85 (12‑month range $5.61–$13.14), the firm has a market cap of about $138 million and a high debt-to-equity ratio (~3.95), and roughly 9% of the stock is held by institutions.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) was downgraded by stock analysts at Citizens Jmp from an "outperform" rating to a "market perform" rating in a report issued on Friday, MarketBeat.com reports.

Several other equities research analysts have also weighed in on GHI. JonesTrading lowered their price objective on Greystone Housing Impact Investors from $9.00 to $7.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Greystone Housing Impact Investors in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.50.

Greystone Housing Impact Investors Price Performance

Shares of Greystone Housing Impact Investors stock opened at $5.85 on Friday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 6.63 and a current ratio of 9.25. The firm's 50-day simple moving average is $7.62 and its 200-day simple moving average is $8.15. Greystone Housing Impact Investors has a twelve month low of $5.61 and a twelve month high of $13.14. The firm has a market cap of $137.83 million, a P/E ratio of -15.38 and a beta of 0.58.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.48). The business had revenue of $17.15 million during the quarter, compared to analyst estimates of $24.35 million. Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%. As a group, research analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHI. Royal Bank of Canada grew its stake in Greystone Housing Impact Investors by 9.3% during the first quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock worth $2,048,000 after buying an additional 14,163 shares during the last quarter. Jones Financial Companies Lllp raised 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 acquiring an additional 32,406 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 worth $99,000 after acquiring an additional 1,250 shares in the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of Greystone Housing Impact Investors by 8.3% in the 3rd quarter. Samalin Investment Counsel LLC now owns 50,386 shares of the company's stock worth $519,000 after acquiring an additional 3,845 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in Greystone Housing Impact Investors by 54.7% during the 3rd quarter. GSA Capital Partners LLP now owns 32,955 shares of the company's stock worth $339,000 after acquiring an additional 11,648 shares during the last quarter. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors NYSE: GHI is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country's first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.

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