Greystone Housing Impact Investors (NYSE:GHI) Shares Climb 1.6% – Here’s Why

Greystone Housing Impact Investors LP (NYSE:GHI) shares rose 1.6% during trading on Thursday. The stock traded as high as $5.04 and last traded at $4.9280. 96,934 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 77,261 shares. The stock had previously closed at $4.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Stock Performance

The stock has a market cap of $118.52 million, a price-to-earnings ratio of -20.96 and a beta of 0.67. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19. The company’s 50 day simple moving average is $5.67 and its 200 day simple moving average is $5.98.

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

Greystone Housing Impact Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 11.1%. Greystone Housing Impact Investors’s payout ratio is presently -233.33%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Institutional investors have recently added to or reduced their stakes in the company. MGO One Seven LLC acquired a new stake in shares of Greystone Housing Impact Investors in the second quarter valued at $239,000. Ashton Thomas Securities LLC bought a new position in Greystone Housing Impact Investors during the first quarter valued at about $124,000. Kestra Advisory Services LLC grew its holdings in Greystone Housing Impact Investors by 45.2% during the first quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company’s stock worth $82,000 after acquiring an additional 5,176 shares during the period. Finally, Abel Hall LLC acquired a new position in Greystone Housing Impact Investors during the first quarter worth about $49,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.