Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Beats Estimates By $0.06 EPS

Greystone Housing Impact Investors (NYSE:GHI) posted its earnings results on Thursday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06, Zacks reports. Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%.

Greystone Housing Impact Investors Trading Down 2.7 %

NYSE GHI traded down $0.34 during trading hours on Thursday, reaching $12.27. The company’s stock had a trading volume of 61,461 shares, compared to its average volume of 60,360. The firm has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $12.52. The stock has a market cap of $285.65 million, a P/E ratio of 19.81 and a beta of 0.73. Greystone Housing Impact Investors has a 52 week low of $10.12 and a 52 week high of $16.89. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.07%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 239.10%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities dropped their target price on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a report on Thursday, November 7th.

Greystone Housing Impact Investors Company Profile

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.