Greystone Housing Impact Investors (NYSE:GHI) Announces Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Greystone Housing Impact Investors (NYSE:GHI) issued its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15), Zacks reports. The business had revenue of $21.97 million during the quarter, compared to the consensus estimate of $25.57 million. Greystone Housing Impact Investors had a return on equity of 11.65% and a net margin of 45.87%. During the same period in the prior year, the business earned $0.85 EPS.

Greystone Housing Impact Investors Price Performance

GHI stock traded down $0.08 during trading on Friday, hitting $14.16. The company had a trading volume of 21,474 shares, compared to its average volume of 42,802. The firm has a market capitalization of $329.77 million, a price-to-earnings ratio of 7.49 and a beta of 0.66. The company has a current ratio of 12.65, a quick ratio of 12.65 and a debt-to-equity ratio of 2.93. The business has a 50 day moving average of $14.73 and a 200 day moving average of $15.56. Greystone Housing Impact Investors has a fifty-two week low of $13.76 and a fifty-two week high of $17.55.

Greystone Housing Impact Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a $0.37 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 10.45%. Greystone Housing Impact Investors’s payout ratio is 78.31%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GHI shares. Jonestrading cut their price target on Greystone Housing Impact Investors from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, May 10th. Raymond James reissued an “outperform” rating and set a $18.50 price target (down previously from $19.50) on shares of Greystone Housing Impact Investors in a report on Thursday, May 30th. Finally, Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective on the stock.

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.