Greystone Housing Impact Investors LP (NYSE:GHI) Plans $0.37 Quarterly Dividend

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.37 per share on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date is Monday, March 31st.

Greystone Housing Impact Investors has increased its dividend by an average of 6.9% per year over the last three years. Greystone Housing Impact Investors has a payout ratio of 88.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Greystone Housing Impact Investors Price Performance

Shares of NYSE GHI traded up $0.08 during trading on Tuesday, reaching $13.16. The company had a trading volume of 72,060 shares, compared to its average volume of 57,172. Greystone Housing Impact Investors has a twelve month low of $10.12 and a twelve month high of $16.89. The stock has a market capitalization of $304.81 million, a PE ratio of 17.08 and a beta of 0.69. The stock has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $12.33. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $22.59 million during the quarter, compared to analysts’ expectations of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. As a group, sell-side analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed an “outperform” rating and issued a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday.

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.