Intel stock extends gains after report of possible U.S. government stake
On Thursday, Raymond (NSE:RYMD) James reiterated its positive stance on Greystone Housing Impact Investors LP (NYSE:GHI), maintaining an Outperform rating and a price target of $17.50. According to InvestingPro data, the stock currently trades at $12.33, with analyst targets ranging from $15 to $17.50, suggesting potential upside. The company’s Financial Health Score stands at ’FAIR’, with particularly strong marks in cash flow management. The reaffirmation of the stock’s outlook comes in light of the company’s recent financial performance and the strong credit quality of its investments.
Greystone Housing Impact Investors LP reported mixed results for the fourth quarter. The company’s Core Adjusted Distributable (CAD) earnings were lower than anticipated, primarily due to revenues that did not meet expectations. However, the company’s Generally Accepted Accounting Principles (GAAP) earnings surpassed estimates, aided by unrealized gains on interest rate derivatives. These derivatives are not included in the CAD calculation. Notable metrics from InvestingPro show the company maintains an impressive 98.3% gross profit margin and has achieved nearly 29% revenue growth over the last twelve months.
The firm’s investment portfolio demonstrated robust credit quality. All Mortgage Revenue Bond (MRB) and Government Insured Loan (GIL) investments are current, and Greystone Housing Impact Investors LP has not received any requests for forbearance. This indicates a steady performance amidst the economic landscape. InvestingPro analysis reveals the company’s strong financial position, with liquid assets exceeding short-term obligations and a current ratio of 2.28. The company also maintains an impressive track record of 39 consecutive years of dividend payments, currently yielding 11.75%.
Joint Venture (JV) equity investments have also shown resilience, with three assets currently boasting over 85% occupancy, excluding the asset in Tomball, which was sold in January 2025. Analysts at Raymond James note the potential for these assets to be sold throughout the remaining months of 2025, which could further impact the company’s financial dynamics.
Looking ahead, management is expected to discuss further investment opportunities, particularly in relation to the new construction lending joint venture with BlackRock (NYSE:BLK). Insights into these developments are anticipated to be a topic of interest on this afternoon’s conference call, shedding light on Greystone Housing Impact Investors LP’s strategic direction and growth prospects.
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