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

Greystone Housing Impact Investors (NYSE:GHI) announced 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 return on equity of 2.46% and a net margin of 17.55%.

Greystone Housing Impact Investors Price Performance

Shares of NYSE GHI traded down $0.34 during midday trading on Thursday, hitting $12.27. 61,461 shares of the company’s stock were exchanged, compared to its average volume of 60,360. The business’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $12.52. The company has a market cap of $285.65 million, a price-to-earnings ratio of 19.81 and a beta of 0.73. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $16.89. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, JMP Securities reduced their target price on Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a report on Thursday, November 7th.

Greystone Housing Impact Investors Company Profile

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.