JonesTrading Issues Pessimistic Forecast for Greystone Housing Impact Investors (NYSE:GHI) Stock Price

Greystone Housing Impact Investors (NYSE:GHI) had its price objective reduced by research analysts at JonesTrading from $7.00 to $6.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. JonesTrading‘s price target suggests a potential upside of 51.17% from the company’s current price.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Friday, September 11th. One equities research 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 data from MarketBeat.com, Greystone Housing Impact Investors has a consensus rating of “Hold” and an average price target of $6.00.

Greystone Housing Impact Investors Stock Down 7.9%

GHI traded down $0.34 during trading on Tuesday, hitting $3.97. 205,608 shares of the company’s stock were exchanged, compared to its average volume of 86,507. Greystone Housing Impact Investors has a fifty-two week low of $3.91 and a fifty-two week high of $8.16. The stock has a market cap of $93.51 million, a P/E ratio of -16.54 and a beta of 0.65. The business’s 50 day moving average is $5.44 and its two-hundred day moving average is $5.88. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 3.80.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $20.91 million. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its position in shares of Greystone Housing Impact Investors by 45.2% during the 1st quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company’s stock worth $82,000 after buying an additional 5,176 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Greystone Housing Impact Investors in the 1st quarter worth approximately $124,000. Finally, MGO One Seven LLC bought a new position in shares of Greystone Housing Impact Investors in the second quarter valued at approximately $239,000. 9.01% of the stock is owned by institutional investors.

Greystone Housing Impact Investors Company Profile

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. These investments help provide financing for properties that serve lower- and moderate-income households, as well as for student housing developments.