Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Misses Expectations By $0.01 EPS

Greystone Housing Impact Investors (NYSE:GHI) issued its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Greystone Housing Impact Investors had a positive return on equity of 4.84% and a negative net margin of 7.59%.The firm had revenue of $21.19 million during the quarter, compared to analyst estimates of $20.49 million.

Greystone Housing Impact Investors Price Performance

Shares of GHI stock opened at $5.70 on Tuesday. The company has a debt-to-equity ratio of 4.12, a current ratio of 10.74 and a quick ratio of 10.74. The firm’s 50-day moving average is $5.47 and its two-hundred day moving average is $6.00. Greystone Housing Impact Investors has a 12 month low of $4.71 and a 12 month high of $11.12. The company has a market capitalization of $134.50 million, a PE ratio of -11.88 and a beta of 0.67.

Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 9.8%. The ex-dividend date was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -116.67%.

Institutional Trading of Greystone Housing Impact Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in GHI. Advisory Services Network LLC purchased a new stake in shares of Greystone Housing Impact Investors during the 3rd quarter valued at approximately $69,000. EverSource Wealth Advisors LLC grew its position 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 worth $99,000 after acquiring an additional 1,250 shares during the period. Corient Private Wealth LLC purchased a new position in Greystone Housing Impact Investors in the fourth quarter worth approximately $71,000. LPL Financial LLC acquired a new stake in Greystone Housing Impact Investors during the fourth quarter worth $76,000. Finally, HRT Financial LP acquired a new stake in Greystone Housing Impact Investors during the fourth quarter worth $101,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Tuesday, June 16th. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.50.

Greystone Housing Impact Investors Company Profile

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.