Greystone Housing Impact Investors (GHI) Scheduled to Post Quarterly Earnings on Wednesday

Greystone Housing Impact Investors (NYSE:GHI) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Greystone Housing Impact Investors to post earnings of $0.20 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.15). The firm had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $25.57 million. Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. During the same period in the prior year, the company earned $0.85 EPS. On average, analysts expect Greystone Housing Impact Investors to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Greystone Housing Impact Investors Trading Down 1.7 %

GHI stock opened at $12.07 on Wednesday. The company has a market capitalization of $281.10 million, a PE ratio of 6.39 and a beta of 0.68. The company has a debt-to-equity ratio of 3.36, a quick ratio of 13.29 and a current ratio of 13.29. Greystone Housing Impact Investors has a one year low of $11.94 and a one year high of $17.55. The company’s 50 day moving average price is $13.58 and its two-hundred day moving average price is $14.40.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date of this dividend is Monday, September 30th. Greystone Housing Impact Investors’s payout ratio is presently 78.31%.

Analysts Set New Price Targets

Several research firms have issued reports on GHI. Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They set a “buy” rating and a $17.00 price target for the company. Raymond James dropped their target price on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a report on Monday, August 12th.

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.