Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.06, Zacks reports. 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 net margin of 22.35% and a return on equity of 5.76%.
Greystone Housing Impact Investors Price Performance
Shares of NYSE:GHI traded up $0.14 during midday trading on Friday, hitting $12.28. The company's stock had a trading volume of 34,696 shares, compared to its average volume of 47,632. The business's 50 day simple moving average is $11.67 and its 200 day simple moving average is $12.50. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The company has a market cap of $285.88 million, a P/E ratio of 15.94 and a beta of 0.73. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $16.89.
Greystone Housing Impact Investors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.06%. The ex-dividend date of this dividend was Tuesday, December 31st. Greystone Housing Impact Investors's payout ratio is 192.21%.
Analyst Upgrades and Downgrades
Separately, JMP Securities dropped their price target on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a "market outperform" rating on the stock in a research report on Thursday, November 7th.
Check Out Our Latest Research Report on Greystone Housing Impact Investors
Greystone Housing Impact Investors Company Profile
(
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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.
Further Reading
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