Greystone Housing Impact Investors (NYSE:GHI) Releases Earnings Results, Misses Expectations By $0.09 EPS

Greystone Housing Impact Investors (NYSE:GHI) announced its earnings results on Monday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09), Zacks reports. Greystone Housing Impact Investors had a negative net margin of 5.95% and a positive return on equity of 6.13%.

Greystone Housing Impact Investors Stock Down 4.9%

NYSE:GHI traded down $0.27 during mid-day trading on Monday, hitting $5.14. 89,585 shares of the company’s stock were exchanged, compared to its average volume of 116,916. Greystone Housing Impact Investors has a one year low of $4.71 and a one year high of $12.47. The company has a debt-to-equity ratio of 3.95, a current ratio of 9.25 and a quick ratio of 9.25. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $6.89. The company has a market cap of $121.30 million, a PE ratio of -13.54 and a beta of 0.71.

Greystone Housing Impact Investors Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 10.9%. Greystone Housing Impact Investors’s payout ratio is presently -147.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JonesTrading cut their target price on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Citizens Jmp lowered shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research note on Friday, March 20th. Finally, Wall Street Zen lowered shares of Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Greystone Housing Impact Investors has an average rating of “Hold” and an average price target of $9.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GHI. Royal Bank of Canada lifted its stake in shares of Greystone Housing Impact Investors by 9.3% in the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock worth $2,048,000 after buying an additional 14,163 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after buying an additional 32,406 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Greystone Housing Impact Investors by 16.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of Greystone Housing Impact Investors by 13.6% in the third quarter. Equitable Holdings Inc. now owns 237,506 shares of the company’s stock worth $2,446,000 after buying an additional 28,411 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Greystone Housing Impact Investors in the third quarter worth approximately $69,000. Institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social?impact REIT dedicated to housing, GHI aims to deliver stable, long?term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first?mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed?income developments.