Greystone Housing Impact Investors (NYSE:GHI) Trading Down 0% - Should You Sell?

Key Points

• Greystone Housing Impact Investors (NYSE:GHI) experienced no change in stock price, trading at $10.30 during mid-day on Wednesday with a volume decline of 21% compared to its daily average.
• Analysts have mixed opinions on GHI, with price targets reduced by Jones Trading and JMP Securities, yet the consensus rating remains a "Buy" with a target price of $14.00.
• The company recently announced a quarterly dividend of $0.30, which equates to an annual yield of 11.7%, although its dividend payout ratio stands at -1,500.00%.

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was down 0% during mid-day trading on Wednesday . The stock traded as low as $10.17 and last traded at $10.30. Approximately 37,526 shares were traded during trading, a decline of 21% from the average daily volume of 47,275 shares. The stock had previously closed at $10.30.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GHI shares. Jones Trading dropped their price objective on shares of Greystone Housing Impact Investors from $13.50 to $11.00 and set a "buy" rating for the company in a research note on Monday, August 11th. JMP Securities dropped their price target on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating for the company in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Greystone Housing Impact Investors presently has a consensus rating of "Buy" and a consensus target price of $14.00.

Greystone Housing Impact Investors Stock Performance

The firm's fifty day moving average price is $10.73 and its 200 day moving average price is $11.42. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. The stock has a market capitalization of $242.76 million, a price-to-earnings ratio of -128.67 and a beta of 0.57.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. Greystone Housing Impact Investors had a net margin of 0.98% and a return on equity of 5.63%. The firm had revenue of $23.59 million for the quarter, compared to analyst estimates of $25.65 million. Analysts forecast that Greystone Housing Impact Investors LP will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Tuesday, September 30th. Greystone Housing Impact Investors's dividend payout ratio is currently -1,500.00%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several large investors have recently made changes to their positions in GHI. Bluefin Capital Management LLC acquired a new position in shares of Greystone Housing Impact Investors in the 1st quarter worth approximately $1,272,000. America First Investment Advisors LLC lifted its holdings in Greystone Housing Impact Investors by 111.7% during the 2nd quarter. America First Investment Advisors LLC now owns 120,189 shares of the company's stock worth $1,361,000 after buying an additional 63,417 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Greystone Housing Impact Investors by 14,338.9% during the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock worth $402,000 after buying an additional 32,406 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Greystone Housing Impact Investors by 7.8% during the 1st quarter. Raymond James Financial Inc. now owns 340,762 shares of the company's stock worth $4,202,000 after buying an additional 24,707 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in Greystone Housing Impact Investors during the 2nd quarter worth approximately $179,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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