Greystone Housing Impact Investors LP (GHI) to Distribute Quarterly Dividend of $0.14 on October 30th

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

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

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI opened at $5.97 on Friday. The business’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.70. The firm has a market capitalization of $140.67 million, a price-to-earnings ratio of -24.87 and a beta of 0.68. The company has a debt-to-equity ratio of 3.80, a current ratio of 6.19 and a quick ratio of 6.19. Greystone Housing Impact Investors has a 12 month low of $4.71 and a 12 month high of $10.90.

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

Greystone Housing Impact Investors Company Profile

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.