Greystone Housing Impact Investors (NYSE:GHI) Stock Price Up 0.9% – Time to Buy?

Greystone Housing Impact Investors LP (NYSE:GHI) was up 0.9% on Monday . The company traded as high as $5.25 and last traded at $5.1940. Approximately 23,599 shares traded hands during 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

A number of equities analysts have recently weighed in 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. JonesTrading lowered their price target on Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Wall Street Zen upgraded Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Greystone Housing Impact Investors currently has an average rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Stock Up 0.5%

The company has a debt-to-equity ratio of 4.12, a current ratio of 10.74 and a quick ratio of 10.74. The business has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $6.47. The company has a market capitalization of $122.26 million, a price-to-earnings ratio of 9.74 and a beta of 0.70.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.79 million for the quarter, compared to analyst estimates 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. This represents a $0.56 annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Tuesday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -116.67%.

Institutional Trading of Greystone Housing Impact Investors

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $71,000. Jane Street Group LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $106,000. HRT Financial LP acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $101,000. LPL Financial LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $76,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors in the third quarter valued at $69,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Company 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.