Raymond James Financial Inc. Makes New $3.24 Million Investment in Greystone Housing Impact Investors LP (NYSE:GHI)

Raymond James Financial Inc. purchased a new stake in Greystone Housing Impact Investors LP (NYSE:GHI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 316,055 shares of the company’s stock, valued at approximately $3,240,000. Raymond James Financial Inc. owned approximately 1.36% of Greystone Housing Impact Investors as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

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

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI opened at $12.71 on Friday. The company has a market capitalization of $294.50 million, a PE ratio of 16.51 and a beta of 0.69. Greystone Housing Impact Investors LP has a 1 year low of $10.12 and a 1 year high of $16.31. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78. The business has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $12.30.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 company had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Analysts forecast that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 11.64%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 192.21%.

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.