Royal Bank of Canada Has $686,000 Stock Holdings in Greystone Housing Impact Investors LP $GHI

Royal Bank of Canada lessened its holdings in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 47.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 139,410 shares of the company’s stock after selling 126,024 shares during the quarter. Royal Bank of Canada’s holdings in Greystone Housing Impact Investors were worth $686,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Greystone Housing Impact Investors by 16.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after buying an additional 1,250 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Greystone Housing Impact Investors by 3.6% during the fourth quarter. Larson Financial Group LLC now owns 44,565 shares of the company’s stock worth $307,000 after buying an additional 1,549 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Greystone Housing Impact Investors by 45.2% in the first quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company’s stock valued at $82,000 after acquiring an additional 5,176 shares during the period. Advisory Services Network LLC bought a new stake in shares of Greystone Housing Impact Investors in the third quarter valued at approximately $69,000. Finally, Abel Hall LLC acquired a new stake in shares of Greystone Housing Impact Investors in the first quarter worth $49,000. Institutional investors own 9.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GHI. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Tuesday, June 16th. One investment 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Stock Up 0.8%

GHI stock opened at $6.60 on Monday. Greystone Housing Impact Investors LP has a twelve month low of $4.71 and a twelve month high of $11.03. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 3.80. The company has a market cap of $155.50 million, a PE ratio of -27.50 and a beta of 0.67. The business’s 50-day simple moving average is $5.65 and its 200 day simple moving average is $5.90.

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

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.5%. Greystone Housing Impact Investors’s payout ratio is currently -233.33%.

Greystone Housing Impact Investors Profile

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.