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

Greystone Housing Impact Investors (NYSE:GHI) released its quarterly earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06, Zacks reports. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The firm had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million.

Greystone Housing Impact Investors Price Performance

Shares of GHI stock opened at $12.28 on Friday. 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 has a twelve month low of $10.12 and a twelve month high of $16.89. The firm has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $12.50. The company has a market capitalization of $285.88 million, a PE ratio of 15.94 and a beta of 0.73.

Greystone Housing Impact Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 12.06%. The ex-dividend date was Tuesday, December 31st. Greystone Housing Impact Investors’s payout ratio is 192.21%.

Analysts Set New Price Targets

Separately, JMP Securities decreased their price target 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 note 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.