Greystone Housing Impact Investors (NYSE:GHI) Posts Earnings Results, Misses Expectations By $0.01 EPS
by Tristan Rich · The Markets DailyGreystone Housing Impact Investors (NYSE:GHI – Get Free Report) issued its earnings results on Monday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. Greystone Housing Impact Investors had a positive return on equity of 4.84% and a negative net margin of 7.59%.
Greystone Housing Impact Investors Stock Performance
Shares of NYSE:GHI traded down $0.05 during trading on Monday, reaching $5.70. 73,480 shares of the stock were exchanged, compared to its average volume of 94,777. Greystone Housing Impact Investors has a 12 month low of $4.71 and a 12 month high of $11.12. The firm has a market cap of $134.50 million, a PE ratio of -11.88 and a beta of 0.67. The stock has a 50-day moving average price of $5.47 and a 200-day moving average price of $6.01. The company has a current ratio of 10.74, a quick ratio of 10.74 and a debt-to-equity ratio of 4.12.
Greystone Housing Impact Investors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 annualized dividend and a yield of 9.8%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is -116.67%.
Institutional Investors Weigh In On Greystone Housing Impact Investors
Hedge funds and other institutional investors have recently modified their holdings of the company. Equitable Holdings Inc. boosted its position in shares of Greystone Housing Impact Investors by 40.6% in the fourth quarter. Equitable Holdings Inc. now owns 333,875 shares of the company’s stock valued at $2,300,000 after acquiring an additional 96,369 shares during the period. Jump Financial LLC acquired a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at about $265,000. Royal Bank of Canada increased its position in Greystone Housing Impact Investors by 30.9% during the fourth quarter. Royal Bank of Canada now owns 265,434 shares of the company’s stock worth $1,829,000 after acquiring an additional 62,612 shares during the period. Jane Street Group LLC bought a new position in Greystone Housing Impact Investors during the fourth quarter worth about $106,000. Finally, Jones Financial Companies Lllp increased its position in Greystone Housing Impact Investors by 14,338.9% during the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after acquiring an additional 32,406 shares during the period. Institutional investors and hedge funds own 9.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on GHI shares. Weiss Ratings restated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Greystone Housing Impact Investors currently has a consensus rating of “Hold” and a consensus price target of $9.50.
Get Our Latest Analysis on Greystone Housing Impact Investors
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.
Further Reading
- Five stocks we like better than Greystone Housing Impact Investors
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington