Royal Bank of Canada Sells 126,024 Shares of Greystone Housing Impact Investors LP $GHI

Royal Bank of Canada cut its holdings in Greystone Housing Impact Investors LP (NYSE:GHI) by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,410 shares of the company’s stock after selling 126,024 shares during the quarter. Royal Bank of Canada owned about 0.59% of Greystone Housing Impact Investors worth $686,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after acquiring an additional 32,406 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Greystone Housing Impact Investors by 16.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after purchasing an additional 1,250 shares in the last quarter. Equitable Holdings Inc. raised its holdings in shares of Greystone Housing Impact Investors by 13.6% during the 3rd quarter. Equitable Holdings Inc. now owns 237,506 shares of the company’s stock valued at $2,446,000 after purchasing an additional 28,411 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors in the 3rd quarter valued at $69,000. Finally, MGO One Seven LLC acquired a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at $199,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Trading Up 0.8%

Shares of GHI stock opened at $6.60 on Monday. Greystone Housing Impact Investors LP has a 12 month low of $4.71 and a 12 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 business’s 50 day moving average is $5.65 and its two-hundred day moving average is $5.90. The company has a market cap of $155.50 million, a PE ratio of -27.50 and a beta of 0.67.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $21.19 million during the quarter, compared to analyst estimates 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.5%. The ex-dividend date was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is -233.33%.

Analyst Ratings Changes

GHI has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.50.

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.