Greystone Housing Impact Investors (NYSE:GHI) Announces Earnings Results, Misses Estimates By $0.02 EPS

Greystone Housing Impact Investors (NYSE:GHI) released its earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Greystone Housing Impact Investors Trading Down 2.3%

Shares of Greystone Housing Impact Investors stock traded down $0.10 on Monday, reaching $4.33. 112,630 shares of the company’s stock were exchanged, compared to its average volume of 85,953. The company has a market capitalization of $101.93 million, a P/E ratio of -18.02 and a beta of 0.65. Greystone Housing Impact Investors has a 52 week low of $4.22 and a 52 week high of $8.16. The firm’s 50-day moving average is $5.48 and its two-hundred day moving average is $5.90. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 12.9%. Greystone Housing Impact Investors’s payout ratio is -233.33%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.00.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP (NYSE:GHI) is a real estate investment company focused on supporting the development and preservation of affordable multifamily and student housing in the United States. The company seeks to generate income primarily through investments in housing-related debt and equity securities.

Its portfolio has historically included tax-exempt multifamily housing revenue bonds, taxable mortgage-backed securities, and other investments connected to residential housing.