Greystone Housing Impact Investors LP (NYSE:GHI – Get Free Report) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.37 per share on Thursday, October 31st. This represents a $1.48 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend is Monday, September 30th.
Greystone Housing Impact Investors has increased its dividend by an average of 18.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Greystone Housing Impact Investors has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Greystone Housing Impact Investors to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 83.6%.
Greystone Housing Impact Investors Trading Up 0.8 %
Greystone Housing Impact Investors stock opened at $13.64 on Friday. The company has a market cap of $317.68 million, a price-to-earnings ratio of 7.20 and a beta of 0.68. The firm has a 50-day moving average of $13.98 and a 200-day moving average of $14.87. The company has a debt-to-equity ratio of 3.36, a current ratio of 13.29 and a quick ratio of 13.29. Greystone Housing Impact Investors has a one year low of $13.30 and a one year high of $17.55.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Raymond James cut their price target 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. Janney Montgomery Scott started coverage on shares of Greystone Housing Impact Investors in a research note on Thursday, August 1st. They set a “buy” rating and a $17.00 target price for the company.
Check Out Our Latest Research Report on GHI
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, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.
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