Kenneth Rogozinski Acquires 3,500 Shares of Greystone Housing Impact Investors (NYSE:GHI) Stock

Greystone Housing Impact Investors LP (NYSE:GHI) CEO Kenneth Rogozinski purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $6.24 per share, with a total value of $21,840.00. Following the acquisition, the chief executive officer directly owned 170,233 shares in the company, valued at approximately $1,062,253.92. The trade was a 2.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Greystone Housing Impact Investors Stock Up 5.4%

GHI stock opened at $6.58 on Friday. Greystone Housing Impact Investors LP has a one year low of $4.71 and a one year high of $10.95. The firm has a market cap of $155.02 million, a PE ratio of -27.42 and a beta of 0.68. The firm’s 50 day moving average price is $5.81 and its 200-day moving average price is $5.81. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.The business had revenue of $21.19 million during the quarter, compared to analysts’ expectations of $20.49 million.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -233.33%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares during the period. Larson Financial Group LLC raised its holdings in shares of Greystone Housing Impact Investors by 3.6% in the 4th quarter. Larson Financial Group LLC now owns 44,565 shares of the company’s stock valued at $307,000 after buying an additional 1,549 shares during the period. Kestra Advisory Services LLC lifted its stake in Greystone Housing Impact Investors by 45.2% during the 1st quarter. Kestra Advisory Services LLC now owns 16,637 shares of the company’s stock worth $82,000 after acquiring an additional 5,176 shares in the last quarter. Advisory Services Network LLC acquired a new position in Greystone Housing Impact Investors during the 3rd quarter worth about $69,000. Finally, Abel Hall LLC purchased a new position in Greystone Housing Impact Investors during the 1st quarter valued at about $49,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GHI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Greystone Housing Impact Investors has a consensus rating of “Hold” and an average target price of $9.50.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social?impact REIT dedicated to housing, GHI aims to deliver stable, long?term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first?mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed?income developments.