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

Greystone Housing Impact Investors LP (NYSE:GHI) announced 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 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date is Monday, March 31st.

Greystone Housing Impact Investors has raised its dividend by an average of 6.9% annually over the last three years. Greystone Housing Impact Investors has a payout ratio of 93.7% 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 Trading Up 1.0 %

Shares of NYSE:GHI opened at $12.76 on Friday. The firm has a market cap of $295.66 million, a price-to-earnings ratio of 16.57 and a beta of 0.69. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month high of $16.29. The company’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $12.29.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $22.59 million for the quarter, compared to the consensus estimate 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, research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James reaffirmed an “outperform” rating and set a $17.00 price target (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th.

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.