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

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 25,600 shares, a drop of 6.6% from the December 15th total of 27,400 shares. Based on an average daily volume of 116,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Greystone Housing Impact Investors

An institutional investor recently raised its position in Greystone Housing Impact Investors stock. Royal Capital Wealth Management LLC lifted its position in shares of Greystone Housing Impact Investors LP (NYSE:GHI) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,827 shares of the company’s stock after acquiring an additional 1,644 shares during the period. Royal Capital Wealth Management LLC owned about 0.11% of Greystone Housing Impact Investors worth $368,000 at the end of the most recent reporting period. Institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Down 1.3 %

Shares of GHI stock traded down $0.15 on Monday, hitting $11.79. The stock had a trading volume of 63,735 shares, compared to its average volume of 144,839. Greystone Housing Impact Investors has a 52-week low of $10.12 and a 52-week high of $17.31. The firm has a market capitalization of $274.57 million, a price-to-earnings ratio of 19.05 and a beta of 0.70. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The stock’s 50 day moving average is $11.23 and its 200-day moving average is $12.87.

Greystone Housing Impact Investors (NYSE:GHI) last posted 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). Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%. The firm had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.64 million. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, research analysts expect that Greystone Housing Impact Investors will post 0.49 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 12.55%. Greystone Housing Impact Investors’s dividend payout ratio is presently 239.10%.

Analyst Ratings Changes

Separately, JMP Securities decreased their target price on Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating for the company in a research report on Thursday, November 7th.

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.