Cape Investment Advisory Inc. Has $132,000 Holdings in Greystone Housing Impact Investors LP (NYSE:GHI)

Cape Investment Advisory Inc. lifted its stake in Greystone Housing Impact Investors LP (NYSE:GHI) by 60.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,105 shares of the company’s stock after acquiring an additional 3,056 shares during the period. Cape Investment Advisory Inc.’s holdings in Greystone Housing Impact Investors were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tucker Asset Management LLC bought a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth about $80,000. Pineridge Advisors LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at approximately $144,000. Cetera Advisors LLC bought a new position in shares of Greystone Housing Impact Investors during the 1st quarter worth approximately $338,000. Tradition Wealth Management LLC boosted its stake in Greystone Housing Impact Investors by 4.1% in the 4th 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, PFG Investments LLC grew its position 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 acquiring an additional 853 shares during the period. Institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Trading Down 0.3 %

GHI stock traded down $0.05 during midday trading on Friday, reaching $14.33. The stock had a trading volume of 46,251 shares, compared to its average volume of 56,870. The company has a quick ratio of 12.65, a current ratio of 12.65 and a debt-to-equity ratio of 2.93. Greystone Housing Impact Investors LP has a twelve month low of $14.25 and a twelve month high of $17.55. The firm has a market cap of $333.75 million, a price-to-earnings ratio of 7.57 and a beta of 0.66. The business has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $15.64.

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

Greystone Housing Impact Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued 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 dividend payout ratio (DPR) is presently 78.15%.

Analyst Ratings Changes

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

Greystone Housing Impact Investors 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.