Greystone Housing Impact Investors (NYSE:GHI) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Greystone Housing Impact Investors (NYSE:GHI) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on the stock. Citizens Jmp lowered shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Monday, December 29th. Finally, JonesTrading dropped their target price on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Stock Up 4.0%

Shares of NYSE:GHI opened at $5.57 on Friday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 9.25 and a current ratio of 9.25. Greystone Housing Impact Investors has a 52-week low of $5.26 and a 52-week high of $13.10. The business’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $8.04. The firm has a market cap of $131.22 million, a P/E ratio of -14.64 and a beta of 0.58.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Monday, March 16th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The company had revenue of $17.15 million for the quarter, compared to analyst estimates of $24.35 million. Greystone Housing Impact Investors had a negative net margin of 5.95% and a positive return on equity of 6.13%. As a group, research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio is currently -263.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GHI. Advisory Services Network LLC bought a new position in Greystone Housing Impact Investors during the 3rd quarter worth approximately $69,000. Corient Private Wealth LLC bought a new stake in Greystone Housing Impact Investors in the fourth quarter valued at approximately $71,000. LPL Financial LLC purchased a new stake in shares of Greystone Housing Impact Investors during the fourth quarter valued at approximately $76,000. ING Groep NV purchased a new stake in shares of Greystone Housing Impact Investors during the fourth quarter valued at approximately $78,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Greystone Housing Impact Investors by 16.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after purchasing an additional 1,250 shares during the last quarter. 9.01% of the stock is currently owned by institutional investors.

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.