Greystone Housing Impact Investors LP (NYSE:GHI) to Issue Quarterly Dividend of $0.14

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Tuesday, June 30th.

Greystone Housing Impact Investors has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Stock Performance

NYSE GHI opened at $5.23 on Wednesday. The company has a current ratio of 10.74, a quick ratio of 10.74 and a debt-to-equity ratio of 4.12. The firm has a market capitalization of $123.32 million, a price-to-earnings ratio of -10.90 and a beta of 0.70. The firm’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $6.42. Greystone Housing Impact Investors has a 1 year low of $4.71 and a 1 year high of $12.47.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). The firm had revenue of $21.79 million for the quarter, compared to analyst estimates of $22.48 million. Greystone Housing Impact Investors had a positive return on equity of 4.84% and a negative net margin of 7.59%.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.