Greystone Housing Impact Investors LP (GHI) to Issue Quarterly Dividend of $0.37 on January 31st

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.37 per share on Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 14.04%. The ex-dividend date of this dividend is Tuesday, December 31st.

Greystone Housing Impact Investors has raised its dividend payment by an average of 18.5% annually over the last three years. Greystone Housing Impact Investors has a payout ratio of 81.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Greystone Housing Impact Investors to earn $1.90 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 77.9%.

Greystone Housing Impact Investors Stock Performance

NYSE:GHI opened at $10.54 on Wednesday. The company has a fifty day moving average of $12.08 and a two-hundred day moving average of $13.51. Greystone Housing Impact Investors has a fifty-two week low of $10.32 and a fifty-two week high of $17.55. The stock has a market capitalization of $245.48 million, a PE ratio of 17.00 and a beta of 0.69. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.43). The company had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.64 million. Greystone Housing Impact Investors had a return on equity of 2.46% and a net margin of 17.55%. During the same period last year, the business earned $0.39 EPS. As a group, research analysts forecast that Greystone Housing Impact Investors will post 0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities reduced their price target on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a research report on Thursday, November 7th.

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.