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

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) announced a quarterly dividend on Wednesday, June 18th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.30 per share on Thursday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Monday, June 30th.

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

Greystone Housing Impact Investors Stock Up 0.9%

Shares of GHI stock traded up $0.11 on Friday, hitting $12.13. The stock had a trading volume of 72,297 shares, compared to its average volume of 66,098. The business has a 50 day moving average of $11.71 and a 200 day moving average of $11.83. The stock has a market cap of $283.87 million, a price-to-earnings ratio of 26.37 and a beta of 0.60. The company has a debt-to-equity ratio of 3.79, a current ratio of 9.97 and a quick ratio of 9.97. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $15.31.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. Greystone Housing Impact Investors had a net margin of 14.02% and a return on equity of 5.25%. The business had revenue of $25.13 million during the quarter, compared to the consensus estimate of $23.89 million. As a group, analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A hedge fund recently raised its stake in Greystone Housing Impact Investors stock. Royal Bank of Canada increased its position in Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,134 shares of the company's stock after acquiring an additional 14,163 shares during the quarter. Royal Bank of Canada owned about 0.72% of Greystone Housing Impact Investors worth $2,048,000 at the end of the most recent quarter. 9.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GHI. Jones Trading decreased their price objective on shares of Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating for the company in a report on Thursday, May 8th. JMP Securities decreased their price objective on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James Financial restated an "outperform" rating and set a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a report on Tuesday, March 18th.

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.