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

Greystone Housing Impact Investors (NYSE:GHI) issued its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. The firm had revenue of $21.19 million for the quarter, compared to analyst estimates of $20.49 million. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.67%.

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI opened at $5.71 on Wednesday. Greystone Housing Impact Investors has a one year low of $4.71 and a one year high of $11.12. The stock has a fifty day moving average of $5.48 and a 200-day moving average of $5.99. The company has a market capitalization of $134.59 million, a PE ratio of -23.78 and a beta of 0.67. 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 Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen raised Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.50.

Hedge Funds Weigh In On Greystone Housing Impact Investors

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Greystone Housing Impact Investors by 16.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after purchasing an additional 1,250 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors during the third quarter worth approximately $69,000. Corient Private Wealth LLC acquired a new stake in shares of Greystone Housing Impact Investors during the fourth quarter worth approximately $71,000. LPL Financial LLC purchased a new position in Greystone Housing Impact Investors during the fourth quarter valued at approximately $76,000. Finally, Royal Bank of Canada grew its position in Greystone Housing Impact Investors by 9.3% during the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock valued at $2,048,000 after purchasing an additional 14,163 shares in the last quarter. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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.