Greystone Housing Impact Investors (NYSE:GHI) Issues Earnings Results, Misses Estimates By $0.09 EPS

Greystone Housing Impact Investors (NYSE:GHI) announced its quarterly earnings data on Monday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09), Zacks reports. Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%.

Greystone Housing Impact Investors Stock Down 4.9%

GHI traded down $0.27 on Monday, reaching $5.14. The company’s stock had a trading volume of 89,585 shares, compared to its average volume of 116,916. The stock has a 50 day moving average of $5.89 and a two-hundred day moving average of $6.89. The company has a quick ratio of 9.25, a current ratio of 9.25 and a debt-to-equity ratio of 3.95. The company has a market capitalization of $121.30 million, a price-to-earnings ratio of -13.54 and a beta of 0.71. Greystone Housing Impact Investors has a fifty-two week low of $4.71 and a fifty-two week high of $12.47.

Greystone Housing Impact Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Tuesday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio is presently -147.37%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $71,000. Equitable Holdings Inc. boosted its holdings 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 purchasing an additional 96,369 shares in the last quarter. Jump Financial LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $265,000. Royal Bank of Canada boosted its holdings in Greystone Housing Impact Investors by 30.9% in the fourth quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock valued at $1,829,000 after purchasing an additional 62,612 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $106,000. 9.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GHI shares. Wall Street Zen cut shares of Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Citizens Jmp cut shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday, March 20th. Finally, JonesTrading reduced their price objective on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.50.

Greystone Housing Impact Investors Company Profile

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.