Key Points
- CEO Kenneth Rogozinski purchased 3,500 GHI shares at an average price of $6.24, investing $21,840 and increasing his direct ownership by 2.1% to 170,233 shares.
- Greystone Housing Impact Investors reported quarterly revenue of $21.19 million, above estimates, but earnings per share of $0.10 missed consensus by $0.01. The stock recently traded at $6.24, well below its 52-week high of $10.95.
- The company pays a quarterly dividend of $0.14, equivalent to $0.56 annually and a 9.0% yield. Analysts have a consensus “Hold” rating with an average price target of $9.50.
Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) CEO Kenneth Rogozinski purchased 3,500 shares of Greystone Housing Impact Investors stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $6.24 per share, with a total value of $21,840.00. Following the transaction, the chief executive officer directly owned 170,233 shares in the company, valued at approximately $1,062,253.92. The trade was a 2.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Greystone Housing Impact Investors Price Performance
NYSE GHI opened at $6.24 on Thursday. The company has a market capitalization of $146.94 million, a PE ratio of -25.99 and a beta of 0.68. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19. The business's fifty day moving average is $5.80 and its 200 day moving average is $5.82. Greystone Housing Impact Investors LP has a fifty-two week low of $4.71 and a fifty-two week high of $10.95.
Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $21.19 million during the quarter, compared to the consensus estimate of $20.49 million. Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.
Greystone Housing Impact Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.0%. Greystone Housing Impact Investors's dividend payout ratio is -233.33%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. Wall Street Zen upgraded Greystone Housing Impact Investors from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.50.
Read Our Latest Report on Greystone Housing Impact Investors
Institutional Trading of Greystone Housing Impact Investors
A number of institutional investors and hedge funds have recently bought and sold shares of GHI. Royal Bank of Canada boosted its holdings in shares of Greystone Housing Impact Investors by 30.9% during the 4th quarter. Royal Bank of Canada now owns 265,434 shares of the company's stock valued at $1,829,000 after purchasing an additional 62,612 shares during the last quarter. Equitable Holdings Inc. grew its position in shares of Greystone Housing Impact Investors by 40.6% during the fourth quarter. Equitable Holdings Inc. now owns 333,875 shares of the company's stock valued at $2,300,000 after purchasing an additional 96,369 shares in the last quarter. MGO One Seven LLC bought a new stake in shares of Greystone Housing Impact Investors in the fourth quarter worth about $199,000. Jump Financial LLC bought a new stake in shares of Greystone Housing Impact Investors in the fourth quarter worth about $265,000. Finally, HRT Financial LP bought a new stake in shares of Greystone Housing Impact Investors in the fourth quarter worth about $101,000. 9.01% of the stock is currently owned by institutional investors.
Greystone Housing Impact Investors Company Profile
(
Get Free Report)
Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country's first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.
The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.
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