Bullseye Investment Management LLC Takes $628,000 Position in Greystone Housing Impact Investors LP (NYSE:GHI)

Bullseye Investment Management LLC purchased a new position in Greystone Housing Impact Investors LP (NYSE:GHI) during the fourth quarter, HoldingsChannel reports. The firm purchased 59,124 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors also recently added to or reduced their stakes in GHI. Samalin Investment Counsel LLC grew its stake in Greystone Housing Impact Investors by 40.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock worth $634,000 after acquiring an additional 17,881 shares in the last quarter. Virtu Financial LLC bought a new position in Greystone Housing Impact Investors in the fourth quarter worth approximately $164,000. Commonwealth Equity Services LLC increased its holdings in Greystone Housing Impact Investors by 12.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company’s stock worth $137,000 after purchasing an additional 1,527 shares during the period. EverSource Wealth Advisors LLC raised its position in Greystone Housing Impact Investors by 15.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company’s stock valued at $77,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Greystone Housing Impact Investors in the 4th quarter worth $3,240,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Trading Up 1.0 %

Shares of NYSE:GHI opened at $12.76 on Friday. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $295.66 million, a PE ratio of 16.57 and a beta of 0.69. Greystone Housing Impact Investors LP has a 12-month low of $10.12 and a 12-month high of $16.29. The business’s fifty day simple moving average is $12.53 and its 200-day simple moving average is $12.28.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The business had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. As a group, equities research analysts predict that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given 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 11.60%. Greystone Housing Impact Investors’s payout ratio is 192.21%.

Analysts Set New Price Targets

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

About Greystone Housing Impact Investors

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.