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

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given a dividend of 0.37 per share on Tuesday, October 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Thursday, September 28th.

Greystone Housing Impact Investors Stock Performance

NYSE:GHI opened at $16.73 on Friday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 20.27 and a current ratio of 20.27. The stock has a market capitalization of $381.95 million, a P/E ratio of 7.18 and a beta of 0.66. The company has a 50 day moving average price of $16.02 and a 200 day moving average price of $16.35. Greystone Housing Impact Investors has a fifty-two week low of $15.07 and a fifty-two week high of $19.57.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.41. The firm had revenue of $28.30 million during the quarter, compared to analysts’ expectations of $26.50 million. Greystone Housing Impact Investors had a net margin of 61.07% and a return on equity of 18.07%. Equities research analysts forecast that Greystone Housing Impact Investors will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price objective on shares of Greystone Housing Impact Investors from $21.00 to $19.00 in a research report on Wednesday, June 14th.

Insider Buying and Selling at Greystone Housing Impact Investors

In other Greystone Housing Impact Investors news, CEO Kenneth Rogozinski purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $15.92 per share, with a total value of $31,840.00. Following the transaction, the chief executive officer now directly owns 51,519 shares of the company’s stock, valued at approximately $820,182.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new position in Greystone Housing Impact Investors in the 2nd quarter valued at approximately $185,000. Equitable Holdings Inc. purchased a new position in Greystone Housing Impact Investors in the 2nd quarter valued at approximately $1,989,000. Wells Fargo & Company MN purchased a new position in Greystone Housing Impact Investors in the 2nd quarter valued at approximately $674,000. Royal Bank of Canada acquired a new stake in shares of Greystone Housing Impact Investors in the 2nd quarter valued at $1,225,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Greystone Housing Impact Investors in the 2nd quarter valued at $832,000. Hedge funds and other institutional investors own 9.55% of the company’s 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 and student housing residential properties and commercial properties. It operates through four segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments.