Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Misses Estimates By $0.09 EPS

Greystone Housing Impact Investors (NYSE:GHI) issued its quarterly earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09), Zacks reports. Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%.

Greystone Housing Impact Investors Trading Down 4.9%

NYSE:GHI traded down $0.27 during mid-day trading on Monday, reaching $5.14. The company’s stock had a trading volume of 89,585 shares, compared to its average volume of 116,916. The company’s fifty day simple moving average is $5.89 and its two-hundred day simple moving average is $6.89. The company has a debt-to-equity ratio of 3.95, a current ratio of 9.25 and a quick ratio of 9.25. Greystone Housing Impact Investors has a twelve month low of $4.71 and a twelve month high of $12.47. The stock has a market cap of $121.30 million, a P/E ratio of -13.54 and a beta of 0.71.

Greystone Housing Impact Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.9%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -147.37%.

Institutional Trading of Greystone Housing Impact Investors

A number of hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Greystone Housing Impact Investors by 16.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Greystone Housing Impact Investors in the 3rd quarter worth about $69,000. Corient Private Wealth LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter worth about $71,000. LPL Financial LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter worth about $76,000. Finally, Royal Bank of Canada boosted its stake in Greystone Housing Impact Investors by 9.3% in the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock worth $2,048,000 after buying an additional 14,163 shares during the last quarter. 9.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GHI. Citizens Jmp cut Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday, March 20th. Wall Street Zen downgraded Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, JonesTrading reduced their target price on Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Greystone Housing Impact Investors has a consensus rating of “Hold” and an average target price of $9.50.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.