Greystone Housing Impact Investors (NYSE:GHI) Issues Earnings Results

Greystone Housing Impact Investors (NYSE:GHI) announced its quarterly earnings data on Monday. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02), Zacks reports. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Greystone Housing Impact Investors Price Performance

Shares of Greystone Housing Impact Investors stock traded down $0.10 on Monday, hitting $4.33. 112,630 shares of the company were exchanged, compared to its average volume of 85,953. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 3.80. The company has a 50-day moving average price of $5.48 and a 200 day moving average price of $5.90. The stock has a market capitalization of $101.93 million, a price-to-earnings ratio of -18.02 and a beta of 0.65. Greystone Housing Impact Investors has a 1-year low of $4.22 and a 1-year high of $8.16.

Greystone Housing Impact Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 12.9%. The ex-dividend date was Wednesday, September 30th. Greystone Housing Impact Investors’s payout ratio is currently -233.33%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.00.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.