Greystone Housing Impact Investors LP (GHI) To Go Ex-Dividend on June 30th

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

Shares of NYSE:GHI opened at $5.24 on Thursday. The company has a market capitalization of $123.61 million, a price-to-earnings ratio of -10.92 and a beta of 0.70. The firm’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $6.41. The company has a debt-to-equity ratio of 4.12, a current ratio of 10.74 and a quick ratio of 10.74. Greystone Housing Impact Investors has a fifty-two week low of $4.71 and a fifty-two week high of $12.47.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share 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 analyst estimates 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%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JonesTrading cut their price target on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Citizens Jmp downgraded shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday, March 20th. Wall Street Zen upgraded shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.