Greystone Housing Impact Investors (NYSE:GHI) Upgraded by Wall Street Zen to Hold Rating
by Jessica Moore · The Cerbat GemWall Street Zen upgraded shares of Greystone Housing Impact Investors (NYSE:GHI – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.
GHI has been the subject of several other research reports. JonesTrading dropped their price objective 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. Citizens Jmp cut Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.50.
Get Our Latest Report on Greystone Housing Impact Investors
Greystone Housing Impact Investors Trading Up 0.8%
Shares of GHI stock opened at $5.27 on Friday. The stock has a market capitalization of $124.27 million, a PE ratio of -10.98 and a beta of 0.71. Greystone Housing Impact Investors has a 1-year low of $4.71 and a 1-year high of $12.47. The business has a 50-day moving average of $5.58 and a 200 day moving average of $6.75. The company has a debt-to-equity ratio of 4.12, a current ratio of 10.74 and a quick ratio of 9.25.
Greystone Housing Impact Investors (NYSE:GHI – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%. The company had revenue of $21.79 million for the quarter, compared to analysts’ expectations of $22.48 million.
Greystone Housing Impact Investors Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.6%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -116.67%.
Institutional Trading of Greystone Housing Impact Investors
A number of institutional investors and hedge funds have recently modified their holdings of GHI. Equitable Holdings Inc. increased its holdings in shares of Greystone Housing Impact Investors by 40.6% in the 4th quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock worth $2,300,000 after purchasing an additional 96,369 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Greystone Housing Impact Investors by 30.9% in the 4th quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock worth $1,829,000 after purchasing an additional 62,612 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter worth $265,000. Jones Financial Companies Lllp increased its holdings in shares of Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after purchasing an additional 32,406 shares in the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter worth $199,000. Institutional investors own 9.01% of the company’s stock.
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.