Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Misses Estimates By $0.01 EPS

Greystone Housing Impact Investors (NYSE:GHI) posted its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Greystone Housing Impact Investors had a positive return on equity of 4.84% and a negative net margin of 7.59%.

Greystone Housing Impact Investors Stock Down 0.8%

GHI traded down $0.05 during midday trading on Monday, hitting $5.70. 73,480 shares of the company’s stock traded hands, compared to its average volume of 94,777. The company has a market cap of $134.50 million, a PE ratio of -11.88 and a beta of 0.67. The stock’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $6.01. 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 one year low of $4.71 and a one year high of $11.12.

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 9.8%. Greystone Housing Impact Investors’s dividend payout ratio is currently -116.67%.

Analysts Set New Price Targets

GHI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Institutional Trading of Greystone Housing Impact Investors

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of Greystone Housing Impact Investors during the 3rd quarter valued at $69,000. Corient Private Wealth LLC bought a new stake in Greystone Housing Impact Investors in the fourth quarter worth $71,000. LPL Financial LLC acquired a new position in Greystone Housing Impact Investors during the fourth quarter worth $76,000. EverSource Wealth Advisors LLC increased its position in Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares during the last quarter. Finally, HRT Financial LP bought a new position in Greystone Housing Impact Investors during the fourth quarter valued at about $101,000. 9.01% of the stock is owned by institutional investors.

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.