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

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.14 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Tuesday, March 31st.

Greystone Housing Impact Investors has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Stock Down 4.9%

Shares of Greystone Housing Impact Investors stock opened at $5.87 on Thursday. The company has a quick ratio of 6.63, a current ratio of 9.25 and a debt-to-equity ratio of 3.95. Greystone Housing Impact Investors has a 52-week low of $5.61 and a 52-week high of $13.28. The company has a market capitalization of $138.41 million, a P/E ratio of -15.45 and a beta of 0.58. The company has a 50 day moving average of $7.65 and a 200 day moving average of $8.16.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). Greystone Housing Impact Investors had a negative net margin of 5.95% and a positive return on equity of 6.13%. The firm had revenue of $17.15 million during the quarter, compared to analysts’ expectations of $24.35 million. As a group, research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in Greystone Housing Impact Investors in the third quarter valued at approximately $69,000. Corient Private Wealth LLC purchased a new stake in shares of Greystone Housing Impact Investors during the 4th quarter worth approximately $71,000. LPL Financial LLC acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at $76,000. ING Groep NV acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at $78,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Greystone Housing Impact Investors by 16.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after buying an additional 1,250 shares during the last quarter. 9.01% of the stock is owned by institutional investors and hedge funds.

About Greystone Housing Impact Investors

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.