PFG Investments LLC Acquires 853 Shares of Greystone Housing Impact Investors LP (NYSE:GHI)

PFG Investments LLC raised its holdings in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 3.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,611 shares of the company’s stock after buying an additional 853 shares during the quarter. PFG Investments LLC’s holdings in Greystone Housing Impact Investors were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GHI. Commonwealth Equity Services LLC raised its stake in shares of Greystone Housing Impact Investors by 4.8% in the third quarter. Commonwealth Equity Services LLC now owns 26,063 shares of the company’s stock valued at $403,000 after acquiring an additional 1,200 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Greystone Housing Impact Investors by 1.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 172,283 shares of the company’s stock valued at $2,662,000 after acquiring an additional 2,286 shares during the period. Goodwin Daniel L increased its stake in Greystone Housing Impact Investors by 19.0% in the 3rd quarter. Goodwin Daniel L now owns 104,442 shares of the company’s stock worth $1,614,000 after buying an additional 16,689 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Greystone Housing Impact Investors in the 3rd quarter worth about $37,000. Finally, Cape Investment Advisory Inc. purchased a new position in Greystone Housing Impact Investors in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Performance

GHI stock traded down $0.03 during trading on Tuesday, reaching $15.56. The company had a trading volume of 81,990 shares, compared to its average volume of 41,546. The firm has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $16.40. The company has a market cap of $358.19 million, a price-to-earnings ratio of 7.51 and a beta of 0.65. The company has a debt-to-equity ratio of 3.01, a quick ratio of 15.26 and a current ratio of 15.26. Greystone Housing Impact Investors LP has a twelve month low of $14.49 and a twelve month high of $17.80.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.92). The business had revenue of $25.19 million for the quarter, compared to analysts’ expectations of $26.00 million. Greystone Housing Impact Investors had a return on equity of 13.73% and a net margin of 51.49%. As a group, sell-side analysts expect that Greystone Housing Impact Investors LP will post 1.45 earnings per share for the current year.

Greystone Housing Impact Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.48 annualized dividend and a dividend yield of 9.51%. Greystone Housing Impact Investors’s payout ratio is 71.45%.

Analyst Upgrades and Downgrades

Separately, Jonestrading reaffirmed a “buy” rating and issued a $20.00 price target on shares of Greystone Housing Impact Investors in a research note on Friday, March 1st.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.