Greystone Housing Impact Investors LP (NYSE:GHI) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,369 shares of the company’s stock after selling 7,569 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Greystone Housing Impact Investors worth $373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Greystone Housing Impact Investors in the 4th quarter valued at approximately $3,240,000. Samalin Investment Counsel LLC boosted its position in shares of Greystone Housing Impact Investors by 40.7% during the fourth quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock worth $634,000 after buying an additional 17,881 shares during the period. Bullseye Investment Management LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $628,000. Virtu Financial LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at $164,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Greystone Housing Impact Investors by 12.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company’s stock valued at $137,000 after buying an additional 1,527 shares during the period. 9.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GHI has been the subject of several research reports. Raymond James reaffirmed an “outperform” rating and issued a $17.00 target price (down from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th. JMP Securities dropped their price objective on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, April 22nd.

Greystone Housing Impact Investors Trading Up 2.4 %

NYSE:GHI opened at $11.93 on Tuesday. The stock has a fifty day moving average price of $12.13 and a 200 day moving average price of $11.89. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors LP has a 12-month low of $10.12 and a 12-month high of $15.90. The firm has a market cap of $276.31 million, a PE ratio of 15.49 and a beta of 0.60.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The company had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Sell-side analysts anticipate that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.41%. Greystone Housing Impact Investors’s payout ratio is currently 192.21%.

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.