Greystone Housing Impact Investors LP (NYSE:GHI) Declares Quarterly Dividend of $0.30

Key Points

• Greystone Housing Impact Investors LP announced a quarterly dividend of $0.30 per share, which will be paid on October 31st to stockholders who are on record as of September 30th.
• The company's dividend yield stands at 11.1%, with a payout ratio of 92.5%, indicating potential risks if earnings decline in the future.
• Greystone reported a quarterly earnings per share (EPS) of $0.25, exceeding analysts' expectations and achieving a net margin of 0.98% with revenues of $23.59 million.

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.30 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, September 30th.

Greystone Housing Impact Investors has a dividend payout ratio of 92.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.

Greystone Housing Impact Investors Trading Down 2.0%

GHI stock traded down $0.21 during midday trading on Friday, reaching $10.53. 84,768 shares of the company traded hands, compared to its average volume of 38,451. Greystone Housing Impact Investors has a 52-week low of $10.12 and a 52-week high of $14.51. The company has a debt-to-equity ratio of 3.85, a quick ratio of 7.93 and a current ratio of 7.93. The business has a 50 day moving average of $10.85 and a 200-day moving average of $11.54. The firm has a market capitalization of $248.30 million, a price-to-earnings ratio of -131.61 and a beta of 0.58.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The firm had revenue of $23.59 million for the quarter, compared to the consensus estimate of $25.65 million. As a group, sell-side analysts expect that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GHI shares. JMP Securities reduced their price target on Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating on the stock in a report on Friday, August 8th. Jones Trading reduced their price target on Greystone Housing Impact Investors from $13.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Greystone Housing Impact Investors presently has an average rating of "Buy" and a consensus price target of $14.00.

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.