Greystone Housing Impact Investors (GHI) Set to Announce Earnings on Wednesday

Greystone Housing Impact Investors (NYSE:GHI) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Greystone Housing Impact Investors had a net margin of 32.12% and a return on equity of 6.90%. The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $25.57 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, analysts expect Greystone Housing Impact Investors to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Greystone Housing Impact Investors Stock Down 1.0 %

Shares of NYSE GHI opened at $12.32 on Monday. Greystone Housing Impact Investors has a one year low of $11.94 and a one year high of $17.55. The company has a debt-to-equity ratio of 3.36, a current ratio of 13.29 and a quick ratio of 13.29. The firm’s 50 day simple moving average is $13.52 and its two-hundred day simple moving average is $14.36. The stock has a market capitalization of $286.93 million, a P/E ratio of 9.96 and a beta of 0.70.

Greystone Housing Impact Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Monday, September 30th. Greystone Housing Impact Investors’s payout ratio is currently 119.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GHI. Janney Montgomery Scott began coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They set a “buy” rating and a $17.00 price target on the stock. Raymond James cut their target price on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a report on Monday, August 12th.

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.