NewEdge Advisors LLC Invests $134,000 in Greystone Housing Impact Investors LP (NYSE:GHI)

NewEdge Advisors LLC acquired a new position in Greystone Housing Impact Investors LP (NYSE:GHI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,106 shares of the company’s stock, valued at approximately $134,000. NewEdge Advisors LLC owned 0.06% of Greystone Housing Impact Investors as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $152,000. Raymond James Financial Inc. bought a new position in Greystone Housing Impact Investors in the 4th quarter worth approximately $3,240,000. Bullseye Investment Management LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter valued at approximately $628,000. Samalin Investment Counsel LLC raised its stake in Greystone Housing Impact Investors by 40.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock valued at $634,000 after acquiring an additional 17,881 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Greystone Housing Impact Investors during the 4th quarter worth $164,000. 9.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GHI shares. JMP Securities cut their price objective on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 22nd. Raymond James restated an “outperform” rating and set a $17.00 price target (down from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th.

Greystone Housing Impact Investors Stock Down 2.2 %

GHI opened at $11.88 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The company has a market capitalization of $275.27 million, a PE ratio of 15.43 and a beta of 0.52. The stock’s fifty day moving average is $12.13 and its 200-day moving average is $11.93. Greystone Housing Impact Investors LP has a one year low of $10.12 and a one year high of $15.90.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The firm had revenue of $22.59 million for the quarter, compared to analysts’ expectations of $26.02 million. On average, equities analysts predict that Greystone Housing Impact Investors LP will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.46%. The ex-dividend date of this dividend was Monday, March 31st. Greystone Housing Impact Investors’s payout ratio is 192.21%.

Greystone Housing Impact Investors Company Profile

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.