Jones Trading Lowers Greystone Housing Impact Investors (NYSE:GHI) Price Target to $13.50

Greystone Housing Impact Investors (NYSE:GHI - Free Report) had its price objective reduced by Jones Trading from $15.00 to $13.50 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on GHI. Raymond James reissued an "outperform" rating and issued a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th. JMP Securities cut their price target on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 22nd.

Greystone Housing Impact Investors Stock Up 2.4 %

Shares of NYSE:GHI traded up $0.27 during mid-day trading on Thursday, hitting $11.65. 36,566 shares of the company traded hands, compared to its average volume of 66,060. The stock has a market cap of $269.94 million, a P/E ratio of 15.13 and a beta of 0.60. The stock has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $11.86. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $15.80. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The company had revenue of $25.13 million during the quarter, compared to the consensus estimate of $23.89 million. On average, equities research analysts forecast that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.70%. Greystone Housing Impact Investors's dividend payout ratio is presently 321.74%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Greystone Housing Impact Investors during the 4th quarter worth about $3,240,000. Samalin Investment Counsel LLC lifted its holdings in shares of Greystone Housing Impact Investors by 40.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company's stock worth $634,000 after buying an additional 17,881 shares in the last quarter. Bullseye Investment Management LLC bought a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $628,000. Stifel Financial Corp boosted its position 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 during the period. Finally, Jane Street Group LLC purchased a new position in Greystone Housing Impact Investors during the fourth quarter valued at approximately $351,000. Hedge funds and other 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.