Raymond James Financial Inc. Has $4.20 Million Holdings in Greystone Housing Impact Investors LP $GHI

Raymond James Financial Inc. boosted its holdings in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 340,762 shares of the company’s stock after buying an additional 24,707 shares during the quarter. Raymond James Financial Inc. owned approximately 1.47% of Greystone Housing Impact Investors worth $4,202,000 at the end of the most recent reporting period.

Separately, Jane Street Group LLC acquired a new position in Greystone Housing Impact Investors during the fourth quarter worth approximately $351,000. 9.01% of the stock is owned by hedge funds and other institutional investors.

Greystone Housing Impact Investors Trading Up 1.2%

Shares of GHI stock opened at $10.94 on Friday. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. The stock has a market cap of $257.97 million, a P/E ratio of -136.73 and a beta of 0.58. The stock has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $11.66. Greystone Housing Impact Investors LP has a 1 year low of $10.12 and a 1 year high of $14.51.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The business had revenue of $23.59 million during the quarter, compared to analysts’ expectations of $25.65 million. On average, research analysts predict that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 11.0%. Greystone Housing Impact Investors’s dividend payout ratio is presently -1,500.00%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GHI shares. JMP Securities lowered their price target on Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Friday, August 8th. Jones Trading reduced their price objective on Greystone Housing Impact Investors from $13.50 to $11.00 and set a “buy” rating for the company in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $14.00.

Greystone Housing Impact Investors Company Profile

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.