
GHI Stock Forecast & Price Target
GHI Analyst Ratings
Bulls say
Greystone Housing Impact Investors LP is poised for growth due to its strategic focus on acquiring mortgage revenue bonds (MRBs) for affordable housing, particularly in its key segment of Affordable Multifamily MRB Investments, which drives the bulk of its revenues. The utilization of financial leverage allows the company to enhance its returns, further strengthening its financial position amidst a favorable market environment. Additionally, the absence of banks from the municipal bond sector presents Greystone with significant opportunities to source and finance investments effectively, positioning the company for potential future gains.
Bears say
Greystone Housing Impact Investors LP reported investment income of $1.8 million and a gain on sale of $0.2 million, reflecting a decrease in sales multiples from historic averages of approximately 2.0x to a gross operating surplus (GOS) multiple of 1.13x. A significant concern is the decline in total assets by 370 basis points during the quarter, attributed to redemptions and paydowns outpacing new fundraising efforts, indicating potential liquidity issues. Additionally, while the company secured a net interest income from swaps of around $0.76 million, it also faced a fair value decline of $2.1 million, contributing to lower than anticipated net income per beneficial unit certificate (BUC) despite expectations of minimal long-term cash flow impact.
This aggregate rating is based on analysts' research of Greystone Housing Impact Inves and is not a guaranteed prediction by Public.com or investment advice.
GHI Analyst Forecast & Price Prediction
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