Jones Trading Cuts Greystone Housing Impact Investors (NYSE:GHI) Price Target to $9.00

Greystone Housing Impact Investors (NYSE:GHI) had its price target decreased by Jones Trading from $11.00 to $9.00 in a research report report published on Friday morning,Benzinga reports. Jones Trading currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on GHI. JMP Securities reduced their price objective on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Greystone Housing Impact Investors has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Greystone Housing Impact Investors Trading Up 1.1%

Shares of NYSE:GHI traded up $0.08 during midday trading on Friday, hitting $7.14. The company had a trading volume of 127,146 shares, compared to its average volume of 59,557. Greystone Housing Impact Investors has a 12 month low of $6.96 and a 12 month high of $13.29. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. The stock has a market cap of $168.35 million, a price-to-earnings ratio of -89.23 and a beta of 0.55. The firm has a fifty day simple moving average of $9.84 and a 200 day simple moving average of $10.87.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36). Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The business had revenue of $21.68 million for the quarter, compared to the consensus estimate of $24.29 million. On average, analysts predict that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 16.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio is 666.67%.

Institutional Trading of Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. grew its holdings in shares of Greystone Housing Impact Investors by 7.8% in the first quarter. Raymond James Financial Inc. now owns 340,762 shares of the company’s stock worth $4,202,000 after purchasing an additional 24,707 shares during the last quarter. Bluefin Capital Management LLC bought a new stake in Greystone Housing Impact Investors in the 1st quarter worth $1,272,000. Motco purchased a new position in shares of Greystone Housing Impact Investors in the second quarter valued at about $46,000. Freestone Capital Holdings LLC boosted its holdings in shares of Greystone Housing Impact Investors by 61.8% during the first quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company’s stock worth $505,000 after purchasing an additional 15,630 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Greystone Housing Impact Investors in the second quarter worth about $37,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

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.