Greystone Housing Impact Investors (GHI) to Release Earnings on Wednesday

Greystone Housing Impact Investors (NYSE:GHI) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Greystone Housing Impact Investors to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.18. The business had revenue of $22.37 million for the quarter, compared to analyst estimates of $24.50 million. Greystone Housing Impact Investors had a net margin of 45.87% and a return on equity of 11.65%. On average, analysts expect Greystone Housing Impact Investors to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Greystone Housing Impact Investors Stock Performance

GHI opened at $14.90 on Wednesday. Greystone Housing Impact Investors has a 1-year low of $14.33 and a 1-year high of $17.55. The company has a market capitalization of $347.02 million, a price-to-earnings ratio of 7.87 and a beta of 0.66. The business has a 50 day moving average price of $14.84 and a two-hundred day moving average price of $15.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 12.65 and a quick ratio of 12.65.

Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 9.93%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 78.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GHI shares. Raymond James reiterated an “outperform” rating and issued a $18.50 price target (down from $19.50) on shares of Greystone Housing Impact Investors in a research report on Thursday, May 30th. Jonestrading reduced their target price on shares of Greystone Housing Impact Investors from $20.00 to $17.50 and set a “buy” rating for the company in a report on Friday, May 10th.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.