Greystone Housing Impact Investors (NYSE:GHI) Trading 0.2% Higher - Still a Buy?

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) shares shot up 0.2% on Friday . The company traded as high as $11.26 and last traded at $11.23. 25,195 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 65,793 shares. The stock had previously closed at $11.21.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GHI. Jones Trading lowered their price objective on Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. JMP Securities cut their price objective on Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 22nd.

Greystone Housing Impact Investors Price Performance

The company has a debt-to-equity ratio of 3.79, a quick ratio of 9.97 and a current ratio of 9.97. The stock has a market cap of $259.04 million, a price-to-earnings ratio of 24.07 and a beta of 0.58. The business's fifty day simple moving average is $11.72 and its 200 day simple moving average is $11.96.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The business had revenue of $25.13 million for the quarter, compared to analyst estimates of $23.89 million. Greystone Housing Impact Investors had a net margin of 14.02% and a return on equity of 5.25%. Research analysts predict that Greystone Housing Impact Investors LP will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend is Monday, June 30th. Greystone Housing Impact Investors's dividend payout ratio (DPR) is 260.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Greystone Housing Impact Investors by 12.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock valued at $137,000 after acquiring an additional 1,527 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Greystone Housing Impact Investors by 4.9% in the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company's stock valued at $523,000 after acquiring an additional 2,361 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Greystone Housing Impact Investors in the second quarter valued at approximately $37,000. NewEdge Advisors LLC bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth approximately $134,000. Finally, Royal Bank of Canada boosted its holdings 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 in the last quarter. 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.