Reviewing PJT Partners (NYSE:PJT) & Greystone Housing Impact Investors (NYSE:GHI)

PJT Partners (NYSE:PJT) and Greystone Housing Impact Investors (NYSE:GHI) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, earnings, dividends, profitability and analyst recommendations.

Volatility and Risk

PJT Partners has a beta of 0.85, indicating that its stock price is 15% less volatile than the S&P 500. Comparatively, Greystone Housing Impact Investors has a beta of 0.58, indicating that its stock price is 42% less volatile than the S&P 500.

Profitability

This table compares PJT Partners and Greystone Housing Impact Investors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
PJT Partners	10.75%	29.66%	16.60%
Greystone Housing Impact Investors	8.11%	8.07%	1.55%

Dividends

PJT Partners pays an annual dividend of $1.00 per share and has a dividend yield of 0.6%. Greystone Housing Impact Investors pays an annual dividend of $1.20 per share and has a dividend yield of 17.7%. PJT Partners pays out 15.4% of its earnings in the form of a dividend. Greystone Housing Impact Investors pays out 666.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Greystone Housing Impact Investors has increased its dividend for 4 consecutive years. Greystone Housing Impact Investors is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for PJT Partners and Greystone Housing Impact Investors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
PJT Partners	1	5	0	2	2.38
Greystone Housing Impact Investors	1	0	4	0	2.60

PJT Partners presently has a consensus price target of $185.50, indicating a potential upside of 9.97%. Greystone Housing Impact Investors has a consensus price target of $13.00, indicating a potential upside of 91.88%. Given Greystone Housing Impact Investors’ stronger consensus rating and higher possible upside, analysts plainly believe Greystone Housing Impact Investors is more favorable than PJT Partners.

Valuation and Earnings

This table compares PJT Partners and Greystone Housing Impact Investors”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
PJT Partners	$1.49 billion	2.75	$238.47 million	$6.50	25.95
Greystone Housing Impact Investors	$91.27 million	1.75	$21.32 million	$0.18	37.64

PJT Partners has higher revenue and earnings than Greystone Housing Impact Investors. PJT Partners is trading at a lower price-to-earnings ratio than Greystone Housing Impact Investors, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

89.2% of PJT Partners shares are owned by institutional investors. Comparatively, 9.0% of Greystone Housing Impact Investors shares are owned by institutional investors. 11.8% of PJT Partners shares are owned by company insiders. Comparatively, 1.8% of Greystone Housing Impact Investors shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Summary

PJT Partners beats Greystone Housing Impact Investors on 12 of the 18 factors compared between the two stocks.

About PJT Partners

PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures. The company also advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in financial restructurings and reorganizations; liability management; distressed mergers and acquisitions; and to management teams, corporate boards, sponsors and creditors. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and partners on liquidity and other structured solutions. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

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. The company operates in four segments: Affordable Multifamily MRB Investments; Seniors and Skilled Nursing MRB Investments; MF Properties; Market-Rate Joint Venture Investments. It also invests in governmental issuer loans. The company was formerly known as America First Multifamily Investors, L.P. and changed its name to Greystone Housing Impact Investors LP in December 2022. Greystone Housing Impact Investors LP was incorporated in 1998 and is based in Omaha, Nebraska.