Greystone Housing Impact Investors LP (NYSE:GHI) Plans $0.14 Quarterly Dividend

Greystone Housing Impact Investors LP (NYSE:GHI) declared a quarterly dividend on Tuesday, June 16th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.14 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Greystone Housing Impact Investors has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Greystone Housing Impact Investors has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings.

Greystone Housing Impact Investors Price Performance

NYSE:GHI opened at $5.23 on Wednesday. The company has a 50-day moving average of $5.23 and a 200-day moving average of $6.42. The company has a market capitalization of $123.32 million, a price-to-earnings ratio of -10.90 and a beta of 0.70. Greystone Housing Impact Investors has a 52 week low of $4.71 and a 52 week high of $12.47. The company has a debt-to-equity ratio of 4.12, a quick ratio of 10.74 and a current ratio of 10.74.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings data on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The business had revenue of $21.79 million for the quarter, compared to the consensus estimate of $22.48 million. Greystone Housing Impact Investors had a positive return on equity of 4.84% and a negative net margin of 7.59%.

About Greystone Housing Impact Investors

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.