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

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 10,800 shares, a drop of 29.4% from the August 31st total of 15,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 54,100 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GHI shares. Raymond James lowered their price target on Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Janney Montgomery Scott began coverage on Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 target price on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tradition Wealth Management LLC increased its stake in Greystone Housing Impact Investors by 4.1% in the fourth quarter. Tradition Wealth Management LLC now owns 21,106 shares of the company’s stock valued at $354,000 after acquiring an additional 830 shares during the period. Bluefin Capital Management LLC grew its stake in shares of 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 purchasing an additional 2,915 shares during the period. Pineridge Advisors LLC acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter worth approximately $144,000. Tucker Asset Management LLC bought a new position in shares of Greystone Housing Impact Investors during the 4th quarter worth approximately $80,000. Finally, Cetera Advisors LLC acquired a new stake in Greystone Housing Impact Investors in the 1st quarter valued at $338,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Stock Performance

Greystone Housing Impact Investors stock traded up $0.11 during mid-day trading on Friday, reaching $13.64. The company had a trading volume of 42,772 shares, compared to its average volume of 45,012. The company has a quick ratio of 13.29, a current ratio of 13.29 and a debt-to-equity ratio of 3.36. The firm has a market cap of $317.68 million, a price-to-earnings ratio of 7.14 and a beta of 0.68. The company has a 50 day moving average of $14.00 and a 200-day moving average of $14.89. Greystone Housing Impact Investors has a 52 week low of $13.30 and a 52 week high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The company had revenue of $21.97 million during the quarter, compared to the consensus estimate of $25.57 million. Greystone Housing Impact Investors had a net margin of 32.12% and a return on equity of 6.90%. During the same quarter in the previous year, the business posted $0.85 EPS. On average, sell-side analysts expect that Greystone Housing Impact Investors will post 1.22 EPS for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.85%. The ex-dividend date of this dividend is Monday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio is presently 78.15%.

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.