Greystone Housing Impact Investors (NYSE:GHI) CEO Acquires 3,500 Shares

Key Points

• CEO Kenneth Rogozinski bought 3,500 GHI shares at an average price of $6.24, increasing his direct ownership to 170,233 shares valued at approximately $1.06 million.
• GHI shares rose 0.4% to $6.24, while the company reported quarterly revenue of $21.19 million but missed EPS expectations, posting $0.10 versus the $0.11 consensus estimate.
• The company pays a quarterly dividend of $0.14, equivalent to a 9.0% annualized yield; analysts’ average rating is “Hold,” with a consensus price target of $9.50.

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) CEO Kenneth Rogozinski purchased 3,500 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $6.24 per share, with a total value of $21,840.00. Following the completion of the purchase, the chief executive officer directly owned 170,233 shares in the company, valued at approximately $1,062,253.92. This represents a 2.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Greystone Housing Impact Investors Stock Up 0.4%

Shares of NYSE GHI traded up $0.03 during midday trading on Wednesday, reaching $6.24. The company's stock had a trading volume of 10,260 shares, compared to its average volume of 91,712. The stock has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $5.83. The company has a current ratio of 6.19, a quick ratio of 6.19 and a debt-to-equity ratio of 3.80. The stock has a market capitalization of $146.94 million, a price-to-earnings ratio of -25.99 and a beta of 0.68. Greystone Housing Impact Investors LP has a fifty-two week low of $4.71 and a fifty-two week high of $10.95.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $21.19 million for the quarter, compared to analyst estimates of $20.49 million. Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.

Greystone Housing Impact Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 9.0%. Greystone Housing Impact Investors's dividend payout ratio (DPR) is presently -233.33%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GHI. Weiss Ratings reissued a "sell (d)" rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. Wall Street Zen raised Greystone Housing Impact Investors from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Greystone Housing Impact Investors currently has an average rating of "Hold" and a consensus price target of $9.50.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several hedge funds have recently bought and sold shares of GHI. Royal Bank of Canada increased its position 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 lifted its position 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 buying an additional 32,406 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Greystone Housing Impact Investors by 16.7% in the second 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 last quarter. Equitable Holdings Inc. boosted its stake in shares of Greystone Housing Impact Investors by 13.6% during the 3rd quarter. Equitable Holdings Inc. now owns 237,506 shares of the company's stock worth $2,446,000 after acquiring an additional 28,411 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Greystone Housing Impact Investors during the 3rd quarter worth approximately $69,000. 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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