Greystone Housing Impact Investors (NYSE:GHI) Posts Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Greystone Housing Impact Investors (NYSE:GHI) announced its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36), Zacks reports. The company had revenue of $21.68 million for the quarter, compared to analyst estimates of $24.29 million. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.

Greystone Housing Impact Investors Stock Down 3.9%

GHI traded down $0.29 during trading on Friday, reaching $7.07. The company had a trading volume of 215,058 shares, compared to its average volume of 59,258. The company has a market cap of $166.61 million, a P/E ratio of -88.30 and a beta of 0.55. Greystone Housing Impact Investors has a 12 month low of $6.97 and a 12 month high of $13.29. The company has a debt-to-equity ratio of 3.85, a current ratio of 7.93 and a quick ratio of 7.93. The business’s fifty day moving average price is $9.84 and its 200 day moving average price is $10.88.

Greystone Housing Impact Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 17.0%. Greystone Housing Impact Investors’s payout ratio is presently 666.67%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after purchasing an additional 32,406 shares during the period. Royal Bank of Canada lifted its holdings in shares of Greystone Housing Impact Investors by 9.3% in the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock valued at $2,048,000 after purchasing an additional 14,163 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares during the period. 9.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GHI. Jones Trading reduced their target price on Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. JMP Securities cut their price target on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Friday, August 8th. Citizens Jmp reduced their price objective on shares of Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating on the stock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Greystone Housing Impact Investors presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Greystone Housing Impact Investors Company Profile

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.