Raymond James Financial Inc. Takes Position in Greystone Housing Impact Investors LP (NYSE:GHI)

Raymond James Financial Inc. acquired a new stake in shares of Greystone Housing Impact Investors LP (NYSE:GHI) during the fourth quarter, Holdings Channel reports. The fund acquired 316,055 shares of the company’s stock, valued at approximately $3,240,000.

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed an “outperform” rating and set a $17.00 price objective (down from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th.

Greystone Housing Impact Investors Stock Performance

NYSE GHI opened at $12.71 on Friday. The firm has a market capitalization of $294.50 million, a PE ratio of 16.51 and a beta of 0.69. The stock’s 50 day moving average is $12.52 and its 200 day moving average is $12.30. Greystone Housing Impact Investors LP has a twelve month low of $10.12 and a twelve month high of $16.31. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $22.59 million during the quarter, compared to analyst estimates of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. Research analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.64%. Greystone Housing Impact Investors’s dividend payout ratio is currently 192.21%.

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.