Greystone Housing Impact Investors LP (NYSE:GHI) to Issue $0.25 Quarterly Dividend

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.25 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Wednesday, December 31st.

Greystone Housing Impact Investors has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a dividend payout ratio of 75.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Greystone Housing Impact Investors Stock Up 9.5%

Shares of NYSE GHI traded up $0.60 during midday trading on Wednesday, reaching $6.98. 139,631 shares of the company’s stock traded hands, compared to its average volume of 70,944. The company has a market cap of $164.70 million, a price-to-earnings ratio of 38.89 and a beta of 0.58. The stock’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $9.91. The company has a quick ratio of 6.63, a current ratio of 6.63 and a debt-to-equity ratio of 3.65. Greystone Housing Impact Investors has a one year low of $6.01 and a one year high of $13.29.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36). The business had revenue of $21.68 million during the quarter, compared to the consensus estimate of $24.29 million. Greystone Housing Impact Investors had a return on equity of 8.07% and a net margin of 8.11%. On average, analysts predict that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GHI. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Monday. Citizens Jmp decreased their price target on shares of Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Finally, Jones Trading lowered their price target on shares of Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Greystone Housing Impact Investors has a consensus rating of “Moderate Buy” and a consensus price target 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.