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

Greystone Housing Impact Investors (NYSE:GHI) posted its quarterly earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

NYSE GHI traded down $0.34 on Thursday, reaching $12.26. 55,557 shares of the company’s stock traded hands, compared to its average volume of 60,168. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month 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. The stock has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $12.52. The stock has a market cap of $285.63 million, a PE ratio of 19.76 and a beta of 0.73.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.07%. The ex-dividend date was Tuesday, December 31st. Greystone Housing Impact Investors’s payout ratio is currently 239.10%.

Analyst Upgrades and Downgrades

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

About Greystone Housing Impact Investors

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.