Greystone Housing Impact Investors (NYSE:GHI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Greystone Housing Impact Investors (NYSE:GHI) announced its earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02), Zacks reports. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Greystone Housing Impact Investors Price Performance

GHI stock traded down $0.10 during trading on Monday, hitting $4.33. The stock had a trading volume of 112,630 shares, compared to its average volume of 85,953. Greystone Housing Impact Investors has a twelve month low of $4.22 and a twelve month high of $8.16. The company’s 50-day moving average price is $5.48 and its two-hundred day moving average price is $5.90. The company has a debt-to-equity ratio of 3.80, a current ratio of 6.19 and a quick ratio of 6.19. The stock has a market capitalization of $101.93 million, a P/E ratio of -18.02 and a beta of 0.65.

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 12.9%. The ex-dividend date was Wednesday, September 30th. Greystone Housing Impact Investors’s payout ratio is presently -233.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.