Cetera Advisors LLC Invests $338,000 in Greystone Housing Impact Investors LP (NYSE:GHI)

Cetera Advisors LLC bought a new position in shares of Greystone Housing Impact Investors LP (NYSE:GHI) in the first quarter, Holdings Channel.com reports. The fund bought 20,760 shares of the company’s stock, valued at approximately $338,000.

A number of other hedge funds have also bought and sold shares of GHI. Cape Investment Advisory Inc. increased its stake in Greystone Housing Impact Investors by 150.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 5,049 shares of the company’s stock valued at $85,000 after purchasing an additional 3,035 shares in the last quarter. PFG Investments LLC increased its stake in Greystone Housing Impact Investors by 3.9% in the first quarter. PFG Investments LLC now owns 22,611 shares of the company’s stock valued at $368,000 after purchasing an additional 853 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Greystone Housing Impact Investors in the fourth quarter valued at $80,000. Bluefin Capital Management LLC increased its stake in Greystone Housing Impact Investors by 2.9% in the fourth quarter. Bluefin Capital Management LLC now owns 102,773 shares of the company’s stock valued at $1,741,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Tradition Wealth Management LLC increased 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 purchasing an additional 830 shares in the last quarter. Institutional investors own 9.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GHI. Janney Montgomery Scott began coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They set a “buy” rating and a $17.00 target price for the company. Raymond James decreased their target price on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a research report on Monday. Finally, Jonestrading decreased 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 research report on Friday, May 10th.

Greystone Housing Impact Investors Trading Down 0.9 %

NYSE:GHI opened at $13.83 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 12.65 and a quick ratio of 12.65. The firm has a 50-day moving average of $14.64 and a 200-day moving average of $15.50. The company has a market cap of $322.09 million, a PE ratio of 7.32 and a beta of 0.66. Greystone Housing Impact Investors LP has a one year low of $13.76 and a one year high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). Greystone Housing Impact Investors had a return on equity of 11.65% and a net margin of 45.87%. The firm had revenue of $21.97 million for the quarter, compared to analysts’ expectations of $25.57 million. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, equities research analysts expect that Greystone Housing Impact Investors LP will post 1.19 EPS for the current fiscal year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.70%. The ex-dividend date was Friday, June 28th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 78.31%.

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.