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

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 27,400 shares, an increase of 50.5% from the November 30th total of 18,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 98,300 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price objective on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th.

Greystone Housing Impact Investors Price Performance

NYSE GHI opened at $10.67 on Monday. The firm has a market cap of $248.50 million, a P/E ratio of 17.24 and a beta of 0.69. The stock’s 50-day moving average is $11.61 and its two-hundred day moving average is $13.27. Greystone Housing Impact Investors has a fifty-two week low of $10.32 and a fifty-two week high of $17.31. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.43). The company had revenue of $24.35 million during the quarter, compared to the consensus estimate of $23.64 million. Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%. During the same period in the previous year, the business posted $0.39 earnings per share. On average, analysts anticipate that Greystone Housing Impact Investors will post 0.49 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 13.87%. The ex-dividend date of this dividend is Tuesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio is currently 238.71%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greystone Housing Impact Investors stock. Ashton Thomas Private Wealth LLC acquired a new position in Greystone Housing Impact Investors LP (NYSE:GHI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,074 shares of the company’s stock, valued at approximately $31,000. 9.01% of the stock is owned by institutional investors.

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.