Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.37 per share on Wednesday, April 30th. This represents a $1.48 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Monday, March 31st.
Greystone Housing Impact Investors has increased its dividend by an average of 6.9% annually over the last three years. Greystone Housing Impact Investors has a dividend payout ratio of 93.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall.
Greystone Housing Impact Investors Price Performance
Shares of GHI stock traded up $0.04 during midday trading on Friday, reaching $12.93. 42,042 shares of the company traded hands, compared to its average volume of 65,915. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78. The firm has a market cap of $299.49 million, a PE ratio of 16.79 and a beta of 0.69. Greystone Housing Impact Investors has a 1-year low of $10.12 and a 1-year high of $16.82. The firm's 50 day simple moving average is $12.42 and its two-hundred day simple moving average is $12.33.
Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. The firm had revenue of $22.59 million for the quarter, compared to analyst estimates of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. On average, equities research analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Raymond James reiterated an "outperform" rating and set a $17.00 price objective (down from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday.
Read Our Latest Analysis on GHI
About Greystone Housing Impact Investors
(
Get Free Report)
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.
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