Greystone Housing Impact Investors LP (NYSE:GHI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 82.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,881 shares of the company’s stock after selling 13,292 shares during the period. JPMorgan Chase & Co.’s holdings in Greystone Housing Impact Investors were worth $40,000 at the end of the most recent quarter.

Greystone Housing Impact Investors Trading Down 2.1 %

Shares of NYSE:GHI opened at $12.26 on Wednesday. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors LP has a 52-week low of $10.12 and a 52-week high of $16.97. The stock has a market cap of $285.54 million, a price-to-earnings ratio of 19.81 and a beta of 0.73. The business has a 50-day moving average price of $11.33 and a 200-day moving average price of $12.65.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.43). The business had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.64 million. Greystone Housing Impact Investors had a return on equity of 2.46% and a net margin of 17.55%. During the same period in the prior year, the business posted $0.39 earnings per share. Equities analysts predict that Greystone Housing Impact Investors LP will post 0.49 EPS for the current year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.07%. Greystone Housing Impact Investors’s dividend payout ratio is presently 239.10%.

Analyst Upgrades and Downgrades

Separately, JMP Securities decreased their price target on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a report on Thursday, November 7th.

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.