Greystone Housing Impact Investors LP (NYSE:GHI) Declares Quarterly Dividend of $0.14

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Tuesday, June 30th.

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

Greystone Housing Impact Investors Stock Up 0.4%

Shares of GHI stock opened at $5.23 on Wednesday. The company has a debt-to-equity ratio of 4.12, a quick ratio of 10.74 and a current ratio of 10.74. The firm’s 50-day moving average is $5.23 and its 200-day moving average is $6.42. The stock has a market cap of $123.32 million, a price-to-earnings ratio of -10.90 and a beta of 0.70. Greystone Housing Impact Investors has a 52-week low of $4.71 and a 52-week high of $12.47.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The firm had revenue of $21.79 million during the quarter, compared to the consensus estimate of $22.48 million. Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Equitable Holdings Inc. grew its position in shares of Greystone Housing Impact Investors by 40.6% during the 4th quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock worth $2,300,000 after purchasing an additional 96,369 shares in the last quarter. Royal Bank of Canada grew its position in shares of Greystone Housing Impact Investors by 30.9% during the 4th quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock worth $1,829,000 after purchasing an additional 62,612 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Greystone Housing Impact Investors by 3.6% during the 4th quarter. Larson Financial Group LLC now owns 44,565 shares of the company’s stock worth $307,000 after purchasing an additional 1,549 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth approximately $265,000. Finally, GSA Capital Partners LLP grew its position in shares of Greystone Housing Impact Investors by 54.7% during the 3rd quarter. GSA Capital Partners LLP now owns 32,955 shares of the company’s stock worth $339,000 after purchasing an additional 11,648 shares in the last quarter. 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.