Tucker Asset Management LLC Takes Position in Greystone Housing Impact Investors LP (NYSE:GHI)

Tucker Asset Management LLC bought a new position in shares of Greystone Housing Impact Investors LP (NYSE:GHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,739 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Greystone Housing Impact Investors by 2.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 175,671 shares of the company’s stock worth $2,950,000 after purchasing an additional 3,388 shares during the last quarter. Bluefin Capital Management LLC grew its position 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 worth $1,741,000 after buying an additional 2,915 shares during the last quarter. Octavia Wealth Advisors LLC bought a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at $701,000. Tradition Wealth Management LLC increased its holdings in shares of 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. Finally, Pineridge Advisors LLC acquired a new stake in shares of Greystone Housing Impact Investors during the 4th quarter valued at $144,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James restated an “outperform” rating and issued a $18.50 target price (down from $19.50) on shares of Greystone Housing Impact Investors in a report on Thursday, May 30th. 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 report on Friday, May 10th.

Greystone Housing Impact Investors Stock Down 0.9 %

Shares of GHI stock traded down $0.13 on Friday, reaching $14.95. 31,916 shares of the company’s stock traded hands, compared to its average volume of 35,883. The company has a market capitalization of $348.19 million, a P/E ratio of 7.89 and a beta of 0.66. Greystone Housing Impact Investors LP has a 12-month low of $14.49 and a 12-month high of $17.55. The company has a debt-to-equity ratio of 2.93, a quick ratio of 12.65 and a current ratio of 12.65. The business’s 50 day moving average price is $15.20 and its two-hundred day moving average price is $16.17.

Greystone Housing Impact Investors (NYSE:GHI) last released its earnings results on Wednesday, May 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.18. The company had revenue of $22.37 million for the quarter, compared to analysts’ expectations of $24.50 million. Greystone Housing Impact Investors had a return on equity of 11.65% and a net margin of 45.87%. On average, equities analysts forecast that Greystone Housing Impact Investors LP will post 1.19 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.37 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 9.90%. Greystone Housing Impact Investors’s dividend payout ratio is presently 78.15%.

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.