Greystone Housing Impact Investors LP (GHI) To Go Ex-Dividend on March 31st

Greystone Housing Impact Investors LP (NYSE:GHI) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders 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 of this dividend is Monday, March 31st.

Greystone Housing Impact Investors has increased its dividend payment by an average of 6.9% per year over the last three years. Greystone Housing Impact Investors has a payout ratio of 93.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Greystone Housing Impact Investors Stock Up 1.0 %

GHI opened at $12.76 on Friday. The company has a market capitalization of $295.66 million, a P/E ratio of 16.57 and a beta of 0.69. The firm’s fifty day moving average price is $12.53 and its two-hundred day moving average price is $12.29. Greystone Housing Impact Investors has a fifty-two week low of $10.12 and a fifty-two week high of $16.29. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

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

Analyst Upgrades and Downgrades

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

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.