Greystone Housing Impact price target lowered to $12 from $14 at Citizens JMP

Citizens JMP analyst Chris Muller lowered the firm’s price target on Greystone Housing Impact (GHI) to $12 from $14 and keeps an Outperform rating on the shares. Greystone Housing Impact Investors is shifting its focus away from joint venture equity investments due to lower returns on those investments and will redeploy that capital into mortgage revenue bonds, the analyst tells investors in a research note.