Greystone Housing Impact Investors (GHI – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Chris Muller from JMP Securities reiterated a Buy rating on the stock and has a $17.50 price target.
Chris Muller has given his Buy rating due to a combination of factors that highlight Greystone Housing Impact Investors’ strong position in the market. The company benefits from robust demand for affordable housing, which, coupled with its solid credit performance, positions it well within an attractive investment and lending environment. Muller’s price target of $17.50 reflects an 8.5% required yield on projected 2025 distributions, suggesting a potential total return of approximately 46% when considering both price appreciation and cash distributions.
Moreover, the company’s recent financial results and strategic initiatives bolster its investment appeal. GHI’s fourth-quarter earnings and cash available for distribution were positively impacted by unrealized gains on interest rate swaps. The company’s investment portfolio remains strong, with high credit quality in its MRB portfolio and successful joint ventures, such as the one with BlackRock, which enhance its growth prospects. Additionally, GHI maintains a healthy liquidity position, supported by effective management of its variable-rate financing, further contributing to its favorable outlook.
In another report released on February 21, JonesTrading also reiterated a Buy rating on the stock with a $15.00 price target.