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

Greystone Housing Impact Investors (NYSE:GHI) announced its quarterly earnings data on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06, reports. Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%. The business had revenue of $21.95 million for the quarter, compared to analysts’ expectations of $20.91 million.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock opened at $4.33 on Tuesday. Greystone Housing Impact Investors has a one year low of $4.22 and a one year high of $8.16. The business has a fifty day moving average price of $5.44 and a 200-day moving average price of $5.88. The company has a debt-to-equity ratio of 3.80, a current ratio of 6.19 and a quick ratio of 6.19. The firm has a market capitalization of $101.92 million, a P/E ratio of -18.02 and a beta of 0.65.

Greystone Housing Impact Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -233.33%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.