Greystone Housing Impact Investors (NYSE:GHI) Trading 0.9% Higher – What’s Next?

Greystone Housing Impact Investors LP (NYSE:GHI)’s stock price rose 0.9% during mid-day trading on Monday . The stock traded as high as $5.25 and last traded at $5.1940. Approximately 23,599 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 58,325 shares. The stock had previously closed at $5.15.

Wall Street Analysts Forecast Growth

GHI has been the topic of several research reports. JonesTrading dropped 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. Wall Street Zen raised Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Citizens Jmp downgraded Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.50.

Greystone Housing Impact Investors Price Performance

The firm has a 50 day moving average price of $5.21 and a 200 day moving average price of $6.48. The company has a quick ratio of 10.74, a current ratio of 10.74 and a debt-to-equity ratio of 4.12. The stock has a market cap of $122.47 million, a P/E ratio of -10.82 and a beta of 0.70.

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

Greystone Housing Impact Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 10.8%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is -116.67%.

Institutional Trading of Greystone Housing Impact Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Greystone Housing Impact Investors during the 1st quarter valued at approximately $124,000. Kestra Advisory Services LLC raised its stake in Greystone Housing Impact Investors by 45.2% during the 1st quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company’s stock valued at $82,000 after purchasing an additional 5,176 shares during the period. Abel Hall LLC bought a new stake in Greystone Housing Impact Investors during the 1st quarter valued at approximately $49,000. Corient Private Wealth LLC bought a new stake in Greystone Housing Impact Investors during the 4th quarter valued at approximately $71,000. Finally, Equitable Holdings Inc. raised its stake in Greystone Housing Impact Investors by 40.6% during the 4th quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock valued at $2,300,000 after purchasing an additional 96,369 shares during the period. 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.