Greystone Housing Impact Investors LP (GHI) to Issue Quarterly Dividend of $0.14 on July 31st

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Tuesday, June 30th.

Greystone Housing Impact Investors has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Greystone Housing Impact Investors has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Stock Up 1.6%

Shares of NYSE:GHI opened at $5.82 on Friday. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $6.36. The company has a debt-to-equity ratio of 4.12, a quick ratio of 10.74 and a current ratio of 10.74. Greystone Housing Impact Investors has a 1-year low of $4.71 and a 1-year high of $12.22. The stock has a market capitalization of $137.26 million, a price-to-earnings ratio of -12.13 and a beta of 0.70.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09). Greystone Housing Impact Investors had a negative net margin of 7.59% and a positive return on equity of 4.84%. The business had revenue of $21.79 million during the quarter, compared to analyst estimates of $22.48 million.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of institutional investors and hedge funds have recently bought and sold shares of GHI. Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors in the 3rd quarter worth approximately $69,000. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 1,250 shares during the period. Abel Hall LLC acquired a new position in shares of Greystone Housing Impact Investors during the first quarter valued at approximately $49,000. Corient Private Wealth LLC bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth approximately $71,000. Finally, LPL Financial LLC bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth approximately $76,000. Institutional investors own 9.01% of the company’s stock.

About Greystone Housing Impact Investors

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.