Greystone Housing Impact Investors (NYSE:GHI) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Greystone Housing Impact Investors (NYSE:GHI) released its quarterly earnings data on Monday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02), Zacks reports. Greystone Housing Impact Investors had a return on equity of 4.25% and a net margin of 0.46%. The firm had revenue of $21.95 million during the quarter, compared to analyst estimates of $20.91 million.

Greystone Housing Impact Investors Stock Performance

Shares of NYSE GHI traded up $0.04 during trading hours on Wednesday, hitting $4.03. 21,215 shares of the stock were exchanged, compared to its average volume of 86,112. Greystone Housing Impact Investors has a one year low of $3.91 and a one year high of $8.16. The company’s 50 day moving average is $5.40 and its 200 day moving average is $5.86. 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 $94.83 million, a P/E ratio of -22.36 and a beta of 0.65.

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio is currently -233.33%.

Analyst Ratings Changes

Several research firms recently issued reports on GHI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Friday, September 11th. JonesTrading cut their target price on Greystone Housing Impact Investors from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

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. These investments help provide financing for properties that serve lower- and moderate-income households, as well as for student housing developments.