Cape Investment Advisory Inc. Raises Stock Holdings in Greystone Housing Impact Investors LP (NYSE:GHI)

Cape Investment Advisory Inc. boosted its stake in Greystone Housing Impact Investors LP (NYSE:GHI) by 60.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,105 shares of the company’s stock after purchasing an additional 3,056 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Greystone Housing Impact Investors were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GHI. Tucker Asset Management LLC bought a new stake in Greystone Housing Impact Investors in the 4th quarter worth approximately $80,000. Pineridge Advisors LLC bought a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at $144,000. Cetera Advisors LLC purchased a new position in Greystone Housing Impact Investors in the 1st quarter worth $338,000. Tradition Wealth Management LLC lifted 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 worth $354,000 after purchasing an additional 830 shares during the last quarter. Finally, PFG Investments LLC boosted its position in Greystone Housing Impact Investors by 3.9% during the first quarter. PFG Investments LLC now owns 22,611 shares of the company’s stock valued at $368,000 after buying an additional 853 shares during the period. 9.01% of the stock is currently owned by institutional investors.

Greystone Housing Impact Investors Trading Down 0.3 %

GHI stock traded down $0.05 on Friday, reaching $14.33. The company’s stock had a trading volume of 46,251 shares, compared to its average volume of 56,870. 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 has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $15.64. The firm has a market cap of $333.75 million, a PE ratio of 7.57 and a beta of 0.66. Greystone Housing Impact Investors LP has a 12-month low of $14.25 and a 12-month high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.18. The company had revenue of $22.37 million during the quarter, compared to the consensus estimate of $24.50 million. Greystone Housing Impact Investors had a net margin of 45.87% and a return on equity of 11.65%. As a group, research analysts forecast that Greystone Housing Impact Investors LP will post 1.19 EPS for the current 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 paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 10.33%. Greystone Housing Impact Investors’s payout ratio is 78.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GHI. Janney Montgomery Scott started coverage on Greystone Housing Impact Investors in a research note on Thursday. They issued a “buy” rating and a $17.00 target price for the company. Raymond James reissued an “outperform” rating and set a $18.50 price objective (down previously from $19.50) on shares of Greystone Housing Impact Investors in a research note on Thursday, May 30th. Finally, Jonestrading decreased their target price on shares of Greystone Housing Impact Investors from $20.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, May 10th.

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.