Greystone Housing Impact Investors (NYSE:GHI) Trading 0.2% Higher - Here's Why

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) traded up 0.2% on Friday . The stock traded as high as $11.26 and last traded at $11.23. 25,195 shares changed hands during 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

Several equities research analysts recently weighed in on the company. Jones Trading decreased their price target on Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating for the company in a report on Thursday, May 8th. JMP Securities reduced their target price on Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd.

Greystone Housing Impact Investors Stock Performance

The stock has a 50-day simple moving average of $11.72 and a 200-day simple moving average of $11.95. The company has a market capitalization of $262.70 million, a price-to-earnings ratio of 24.41 and a beta of 0.58. The company has a current ratio of 9.97, a quick ratio of 9.97 and a debt-to-equity ratio of 3.79.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 5.25% and a net margin of 14.02%. On average, analysts anticipate that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 10.69%. Greystone Housing Impact Investors's dividend payout ratio is currently 260.87%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of hedge funds and other institutional investors have recently modified their holdings of GHI. Raymond James Financial Inc. purchased a new stake in shares of Greystone Housing Impact Investors during the 4th quarter worth about $3,240,000. Bluefin Capital Management LLC acquired a new position in shares of Greystone Housing Impact Investors during the 1st quarter valued at about $1,272,000. Bullseye Investment Management LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at about $628,000. Jane Street Group LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at about $351,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 valued at $402,000 after acquiring an additional 32,406 shares during the last quarter. Institutional investors and hedge funds 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.