Greystone Housing Impact Investors LP (NYSE:GHI) Plans Quarterly Dividend of $0.37

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors 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 yield of 11.25%. The ex-dividend date is Monday, March 31st.

Greystone Housing Impact Investors has raised its dividend by an average of 6.9% per year over the last three years. Greystone Housing Impact Investors has a dividend payout ratio of 88.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Greystone Housing Impact Investors Price Performance

GHI opened at $13.16 on Wednesday. Greystone Housing Impact Investors has a 1 year low of $10.12 and a 1 year high of $16.82. 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 stock’s 50 day simple moving average is $12.34 and its 200 day simple moving average is $12.33. The firm has a market cap of $304.81 million, a price-to-earnings ratio of 17.08 and a beta of 0.69.

Greystone Housing Impact Investors (NYSE:GHI) last released its earnings results on Thursday, February 20th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $22.59 million during the quarter, compared to analysts’ expectations of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. As a group, analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Raymond James reissued an “outperform” rating and issued a $17.00 target price (down previously from $17.50) on shares of Greystone Housing Impact Investors in a report on Tuesday.

About Greystone Housing Impact Investors

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.