Greystone Housing Impact Investors LP (GHI) To Go Ex-Dividend on September 30th

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.37 per share on Thursday, October 31st. This represents a $1.48 annualized dividend and a yield of 10.87%. The ex-dividend date is Monday, September 30th.

Greystone Housing Impact Investors has increased its dividend by an average of 18.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Greystone Housing Impact Investors to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 83.6%.

Greystone Housing Impact Investors Stock Down 0.5 %

Shares of GHI traded down $0.07 during mid-day trading on Wednesday, reaching $13.61. 25,843 shares of the stock traded hands, compared to its average volume of 44,630. The firm has a market cap of $316.96 million, a price-to-earnings ratio of 7.24 and a beta of 0.68. The stock has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $15.04. The company has a quick ratio of 13.29, a current ratio of 13.29 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors has a 12-month low of $13.30 and a 12-month high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). The business had revenue of $21.97 million during the quarter, compared to analyst estimates of $25.57 million. Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. During the same quarter last year, the firm posted $0.85 EPS. Sell-side analysts expect that Greystone Housing Impact Investors will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James dropped their price objective on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a report on Monday, August 12th. Janney Montgomery Scott started coverage on Greystone Housing Impact Investors in a report on Thursday, August 1st. They set a “buy” rating and a $17.00 target price on the stock.

Greystone Housing Impact Investors Company Profile

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.