Greystone Housing Impact Investors LP (NYSE:GHI) Announces Quarterly Dividend of $0.37

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.37 per share on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date of this dividend is Monday, March 31st.

Greystone Housing Impact Investors has raised its dividend by an average of 6.9% annually over the last three years. Greystone Housing Impact Investors has a dividend payout ratio of 88.6% 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 Stock Performance

Shares of GHI stock traded up $0.08 during trading hours on Tuesday, reaching $13.16. 72,060 shares of the company’s stock were exchanged, compared to its average volume of 65,907. The company has a market cap of $304.81 million, a P/E ratio of 17.08 and a beta of 0.69. The company’s 50 day moving average is $12.30 and its two-hundred day moving average is $12.33. Greystone Housing Impact Investors has a 1 year low of $10.12 and a 1 year high of $16.82. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. Equities research analysts anticipate that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James reissued an “outperform” rating and set a $17.00 target price (down from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday.

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.