Greystone Housing Impact Investors LP (NYSE:GHI) Announces Quarterly Dividend of $0.37

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.37 per share on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date is Monday, March 31st.

Greystone Housing Impact Investors has increased its dividend payment by an average of 6.9% per year over the last three years. Greystone Housing Impact Investors has a payout ratio of 88.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Greystone Housing Impact Investors Stock Performance

GHI traded up $0.08 on Tuesday, hitting $13.16. 72,060 shares of the company traded hands, compared to its average volume of 57,172. The company has a 50 day moving average of $12.30 and a 200-day moving average of $12.33. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36. The stock has a market capitalization of $304.81 million, a PE ratio of 17.08 and a beta of 0.69. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $16.89.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. Sell-side analysts anticipate that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James reissued an “outperform” rating and set a $17.00 target price (down from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday.

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.