Greystone Housing Impact Investors (NYSE:GHI) Stock Price Up 1.6% - What's Next?

Key Points

• Greystone Housing Impact Investors shares rose 1.6% to about $4.93, with trading volume 25% above its average session volume.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a $9.50 target price; Weiss Ratings separately reiterated a “sell” rating.
• The company declared a quarterly dividend of $0.14, or $0.56 annualized, implying an 11.4% yield. Its latest earnings missed estimates slightly, with EPS of $0.10 versus the $0.11 consensus.

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) shares traded up 1.6% on Thursday. The company traded as high as $5.04 and last traded at $4.9280. Approximately 96,934 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 77,261 shares. The stock had previously closed at $4.85.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Greystone Housing Impact Investors in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.50.

Greystone Housing Impact Investors Stock Up 1.6%

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's fifty day moving average is $5.70 and its 200 day moving average is $5.99. The company has a market capitalization of $116.10 million, a P/E ratio of -20.53 and a beta of 0.67.

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

Greystone Housing Impact Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Greystone Housing Impact Investors's dividend payout ratio is presently -233.33%.

Institutional Trading of Greystone Housing Impact Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. MGO One Seven LLC purchased a new position in Greystone Housing Impact Investors during the 2nd quarter valued at about $239,000. Ashton Thomas Securities LLC bought a new stake in Greystone Housing Impact Investors during the first quarter worth about $124,000. Kestra Advisory Services LLC boosted its stake in Greystone Housing Impact Investors by 45.2% during the first quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company's stock worth $82,000 after acquiring an additional 5,176 shares in the last quarter. Finally, Abel Hall LLC purchased a new stake in Greystone Housing Impact Investors in the first quarter worth about $49,000. 9.01% of the stock is currently owned by hedge funds and other institutional investors.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP NYSE: GHI is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.

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