Raymond James & Associates Sells 8,653 Shares of Greystone Housing Impact Investors LP (NYSE:GHI)

Raymond James & Associates trimmed its holdings in Greystone Housing Impact Investors LP (NYSE:GHI) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,582 shares of the company’s stock after selling 8,653 shares during the period. Raymond James & Associates owned 0.69% of Greystone Housing Impact Investors worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at approximately $80,000. Cape Investment Advisory Inc. raised its holdings in shares of Greystone Housing Impact Investors by 150.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 5,049 shares of the company’s stock worth $85,000 after buying an additional 3,035 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth $144,000. Cetera Advisors LLC bought a new stake in shares of Greystone Housing Impact Investors during the 1st quarter worth $338,000. Finally, Tradition Wealth Management LLC boosted its stake in Greystone Housing Impact Investors by 4.1% in the fourth quarter. Tradition Wealth Management LLC now owns 21,106 shares of the company’s stock valued at $354,000 after buying an additional 830 shares in the last quarter. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Up 0.1 %

Shares of GHI opened at $14.29 on Tuesday. The stock’s 50-day moving average price is $14.38 and its two-hundred day moving average price is $15.24. Greystone Housing Impact Investors LP has a 12 month low of $13.31 and a 12 month high of $17.55. The company has a market capitalization of $332.80 million, a PE ratio of 7.56 and a beta of 0.66. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. The company had revenue of $21.97 million during the quarter, compared to analyst estimates of $25.57 million. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts anticipate that Greystone Housing Impact Investors LP will post 1.22 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend was Friday, June 28th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 78.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GHI shares. Jonestrading dropped their target price on shares of Greystone Housing Impact Investors from $20.00 to $17.50 and set a “buy” rating for the company in a report on Friday, May 10th. Raymond James reduced their price target on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective for the company.

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.