Greystone Housing Impact Investors LP (GHI) To Go Ex-Dividend on March 31st

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be given a dividend of 0.14 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Greystone Housing Impact Investors has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Greystone Housing Impact Investors has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Stock Up 0.8%

Shares of NYSE:GHI opened at $4.95 on Friday. The company has a quick ratio of 9.25, a current ratio of 9.25 and a debt-to-equity ratio of 3.95. The firm has a market cap of $116.65 million, a P/E ratio of -13.02 and a beta of 0.58. Greystone Housing Impact Investors has a 12 month low of $4.79 and a 12 month high of $12.80. The company’s 50-day moving average price is $7.30 and its two-hundred day moving average price is $7.89.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Monday, March 16th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%.The company had revenue of $17.15 million during the quarter, compared to the consensus estimate of $24.35 million. As a group, research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors during the third quarter worth $69,000. EverSource Wealth Advisors LLC lifted its stake in Greystone Housing Impact Investors by 16.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after buying an additional 1,250 shares during the period. Corient Private Wealth LLC bought a new position in Greystone Housing Impact Investors during the fourth quarter worth about $71,000. LPL Financial LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth about $76,000. Finally, ING Groep NV acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth about $78,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.