Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Beats Expectations By $0.06 EPS

Greystone Housing Impact Investors (NYSE:GHI) released its earnings results on Thursday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06, Zacks reports. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The firm had revenue of $22.59 million during the quarter, compared to analyst estimates of $26.02 million.

Greystone Housing Impact Investors Stock Performance

GHI stock opened at $12.28 on Friday. The company has a market capitalization of $285.88 million, a price-to-earnings ratio of 15.94 and a beta of 0.73. The firm has a 50 day moving average of $11.67 and a two-hundred day moving average of $12.50. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month high of $16.89.

Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.06%. Greystone Housing Impact Investors’s dividend payout ratio is currently 192.21%.

Analysts Set New Price Targets

Separately, JMP Securities cut their price target on Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating on the stock in a report on Thursday, November 7th.

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.