Citizens JMP analyst Chris Muller has revised the price target for Greystone Housing Impact (GHI, Financial), reducing it to $16 from $17.50. Despite this adjustment, the analyst maintains an 'Outperform' rating for the stock as part of an analysis focused on the Commercial Mortgage REIT/Commercial Real Estate Finance sector.
The firm has noted that Mortgage REITs have generally outperformed other Equity Market Indices at the start of 2025, attributed to forecasts of a lower interest rate in the first quarter. Citizens highlights that the primary influence on CMREIT valuations is the Federal Reserve's interest rate policy. However, ongoing concerns about a potential recession have been impacting valuations since the beginning of April.
