Greystone Housing Impact Investors (NYSE:GHI) Announces Quarterly Earnings Results

Greystone Housing Impact Investors (NYSE:GHI) issued its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36), Zacks reports. The business had revenue of $21.68 million for the quarter, compared to the consensus estimate of $24.29 million. Greystone Housing Impact Investors had a net margin of 0.98% and a return on equity of 5.63%.

Greystone Housing Impact Investors Trading Down 3.9%

GHI stock traded down $0.29 on Friday, reaching $7.07. The company’s stock had a trading volume of 215,058 shares, compared to its average volume of 59,258. The firm has a market cap of $166.61 million, a PE ratio of -88.30 and a beta of 0.55. The business has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $10.88. Greystone Housing Impact Investors has a 12-month low of $6.97 and a 12-month high of $13.29. The company has a debt-to-equity ratio of 3.85, a quick ratio of 7.93 and a current ratio of 7.93.

Greystone Housing Impact Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 17.0%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after buying an additional 1,250 shares during the period. Jones Financial Companies Lllp lifted its holdings in Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after buying an additional 32,406 shares during the period. Finally, Royal Bank of Canada boosted its position in Greystone Housing Impact Investors by 9.3% during the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock valued at $2,048,000 after acquiring an additional 14,163 shares in the last quarter. 9.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GHI shares. JMP Securities cut their price objective on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Wednesday, October 8th. Jones Trading reduced their price objective on Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Citizens Jmp decreased their price objective on Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

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.