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

Greystone Housing Impact Investors LP (NYSE:GHI) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 13,800 shares, a growth of 133.9% from the August 31st total of 5,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 48,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 48,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Greystone Housing Impact Investors Trading Down 0.9%

NYSE:GHI opened at $10.16 on Monday. Greystone Housing Impact Investors has a 12 month low of $10.10 and a 12 month high of $14.25. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 3.85. The firm’s 50 day moving average is $10.69 and its 200 day moving average is $11.36. The stock has a market capitalization of $239.45 million, a PE ratio of -126.92 and a beta of 0.57.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%.The business had revenue of $23.59 million for the quarter, compared to analysts’ expectations of $25.65 million. Sell-side analysts expect that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently -1,500.00%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Greystone Housing Impact Investors by 16.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after acquiring an additional 1,250 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Greystone Housing Impact Investors in the second quarter valued at approximately $37,000. Motco bought a new stake in Greystone Housing Impact Investors during the second quarter valued at approximately $46,000. Royal Bank of Canada grew its stake in Greystone Housing Impact Investors by 9.3% in the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock worth $2,048,000 after buying an additional 14,163 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in shares of Greystone Housing Impact Investors by 61.8% in the 1st quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company’s stock worth $505,000 after buying an additional 15,630 shares during the last quarter. Institutional investors own 9.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Saturday, September 27th. Jones Trading decreased their target price on shares of Greystone Housing Impact Investors from $13.50 to $11.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, JMP Securities dropped their price target on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Greystone Housing Impact Investors presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

About Greystone Housing Impact Investors

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.