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

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.14 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Wednesday, September 30th.

Greystone Housing Impact Investors has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Stock Up 1.0%

GHI stock opened at $5.97 on Thursday. The firm has a market cap of $140.63 million, a PE ratio of -24.87 and a beta of 0.68. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19. The firm’s fifty day moving average is $5.89 and its 200 day moving average is $5.71. Greystone Housing Impact Investors has a one year low of $4.71 and a one year high of $10.94.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.The firm had revenue of $21.19 million during the quarter, compared to analyst estimates of $20.49 million.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP (NYSE:GHI), formerly known as America First Multifamily Investors, L.P., is a publicly traded limited partnership focused on investments that support the development and preservation of multifamily housing. The partnership primarily invests in mortgage revenue bonds and other housing-related securities associated with affordable and workforce housing properties.

Its portfolio may also include mortgage-backed securities, taxable and tax-exempt investments, and other debt instruments tied to multifamily real estate.