Greystone Housing Impact Investors (NYSE:GHI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Greystone Housing Impact Investors (NYSE:GHIGet Free Report) announced its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%.

Greystone Housing Impact Investors Stock Down 0.8%

Shares of NYSE GHI traded down $0.05 during trading hours on Monday, hitting $5.70. The company had a trading volume of 73,480 shares, compared to its average volume of 94,777. Greystone Housing Impact Investors has a 1-year low of $4.71 and a 1-year high of $11.12. The company has a quick ratio of 10.74, a current ratio of 10.74 and a debt-to-equity ratio of 4.12. The firm’s 50 day moving average is $5.47 and its 200-day moving average is $6.01. The stock has a market capitalization of $134.50 million, a P/E ratio of -11.88 and a beta of 0.67.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio is presently -116.67%.

Analyst Ratings Changes

GHI has been the subject of several research reports. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Greystone Housing Impact Investors presently has a consensus rating of “Hold” and an average target price of $9.50.

Get Our Latest Stock Report on GHI

Institutional Trading of Greystone Housing Impact Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in GHI. Equitable Holdings Inc. lifted its stake in Greystone Housing Impact Investors by 40.6% in the fourth quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock valued at $2,300,000 after acquiring an additional 96,369 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Greystone Housing Impact Investors by 30.9% during the 4th quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock worth $1,829,000 after purchasing an additional 62,612 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at about $265,000. Jones Financial Companies Lllp raised its holdings in shares of Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock valued at $402,000 after purchasing an additional 32,406 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter valued at about $106,000. 9.01% of the stock is owned by institutional investors.

About Greystone Housing Impact Investors

(Get Free Report)

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.

Further Reading

Earnings History for Greystone Housing Impact Investors (NYSE:GHI)

Receive News & Ratings for Greystone Housing Impact Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greystone Housing Impact Investors and related companies with MarketBeat.com's FREE daily email newsletter.