Greystone Housing Impact Investors LP (NYSE:GHI) Sees Significant Increase in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 31,800 shares, an increase of 50.0% from the February 29th total of 21,200 shares. Based on an average daily volume of 39,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Jonestrading reaffirmed a “buy” rating and set a $20.00 price target on shares of Greystone Housing Impact Investors in a research report on Friday, March 1st.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Greystone Housing Impact Investors by 2.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 175,671 shares of the company’s stock valued at $2,950,000 after acquiring an additional 3,388 shares during the last quarter. Equitable Holdings Inc. purchased a new position in shares of Greystone Housing Impact Investors during the 2nd quarter worth approximately $1,989,000. Goodwin Daniel L raised its position in shares of Greystone Housing Impact Investors by 19.0% during the 3rd quarter. Goodwin Daniel L now owns 104,442 shares of the company’s stock worth $1,614,000 after purchasing an additional 16,689 shares during the last quarter. Bluefin Capital Management LLC lifted its stake in Greystone Housing Impact Investors by 2.9% in the 4th quarter. Bluefin Capital Management LLC now owns 102,773 shares of the company’s stock valued at $1,741,000 after buying an additional 2,915 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Greystone Housing Impact Investors by 18.9% during the 4th quarter. Royal Bank of Canada now owns 88,779 shares of the company’s stock valued at $1,491,000 after buying an additional 14,088 shares during the last quarter. 9.01% of the stock is currently owned by hedge funds and other institutional investors.

Greystone Housing Impact Investors Stock Performance

Greystone Housing Impact Investors stock traded down $0.01 during mid-day trading on Friday, reaching $16.29. 38,053 shares of the company were exchanged, compared to its average volume of 33,727. The firm’s 50-day simple moving average is $16.66 and its two-hundred day simple moving average is $16.48. Greystone Housing Impact Investors has a twelve month low of $14.56 and a twelve month high of $17.80. The firm has a market cap of $375.00 million, a PE ratio of 7.86 and a beta of 0.65. The company has a debt-to-equity ratio of 3.01, a quick ratio of 15.26 and a current ratio of 15.26.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.92). The firm had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $26.00 million. Greystone Housing Impact Investors had a net margin of 51.49% and a return on equity of 13.73%. Equities analysts predict that Greystone Housing Impact Investors will post 1.45 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Wednesday, March 27th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently 71.45%.

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.