Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Update

Greystone Housing Impact Investors LP (NYSE:GHI) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 73,981 shares, a decrease of 37.2% from the January 29th total of 117,737 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 64,611 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 64,611 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the company’s shares are short sold.

Greystone Housing Impact Investors Stock Up 0.1%

NYSE:GHI opened at $7.86 on Friday. Greystone Housing Impact Investors has a 1 year low of $6.01 and a 1 year high of $13.29. The stock has a 50-day moving average price of $7.60 and a two-hundred day moving average price of $8.49. The stock has a market cap of $185.35 million, a price-to-earnings ratio of 43.67 and a beta of 0.59. The company has a current ratio of 6.63, a quick ratio of 6.63 and a debt-to-equity ratio of 3.65.

Greystone Housing Impact Investors Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.7%. The ex-dividend date was Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 555.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GHI. Royal Bank of Canada raised its holdings in shares of Greystone Housing Impact Investors by 9.3% during the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock worth $2,048,000 after acquiring an additional 14,163 shares during the period. Jones Financial Companies Lllp boosted its stake in Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock worth $402,000 after purchasing an additional 32,406 shares during the period. Savvy Advisors Inc. bought a new position in Greystone Housing Impact Investors during the 2nd quarter worth about $179,000. America First Investment Advisors LLC raised its stake in shares of Greystone Housing Impact Investors by 111.7% in the 2nd quarter. America First Investment Advisors LLC now owns 120,189 shares of the company’s stock valued at $1,361,000 after purchasing an additional 63,417 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 9.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citizens Jmp decreased their price objective on Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. JonesTrading decreased their target price on Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Greystone Housing Impact Investors currently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Greystone Housing Impact Investors Company Profile

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.