Greystone Housing Impact Investors (NYSE:GHI) Trading Up 1.7% – Should You Buy?

Greystone Housing Impact Investors LP (NYSE:GHI) rose 1.7% during mid-day trading on Tuesday . The company traded as high as $5.46 and last traded at $5.37. Approximately 51,778 shares changed hands during trading, a decline of 17% from the average daily volume of 62,439 shares. The stock had previously closed at $5.28.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GHI shares. Citizens Jmp cut Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a report on Friday, March 20th. Wall Street Zen raised Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. JonesTrading reduced their target price on Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Greystone Housing Impact Investors has an average rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Trading Up 1.7%

The company has a market cap of $126.62 million, a PE ratio of -11.19 and a beta of 0.67. The company’s 50 day simple moving average is $5.40 and its two-hundred day simple moving average is $6.26. The company has a debt-to-equity ratio of 4.12, a current ratio of 10.74 and a quick ratio of 10.74.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The company had revenue of $21.79 million during the quarter, compared to analysts’ expectations of $22.48 million. Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%.

Greystone Housing Impact Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 10.4%. The ex-dividend date is Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is -116.67%.

Institutional Trading of Greystone Housing Impact Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $71,000. Jump Financial LLC acquired a new position in Greystone Housing Impact Investors during the 4th quarter worth about $265,000. Jane Street Group LLC acquired a new position in Greystone Housing Impact Investors during the 4th quarter worth about $106,000. HRT Financial LP purchased a new position in Greystone Housing Impact Investors during the 4th quarter valued at about $101,000. Finally, LPL Financial LLC purchased a new position in Greystone Housing Impact Investors during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

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.