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

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 47,100 shares, a decrease of 24.2% from the February 13th total of 62,100 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 89,100 shares, the short-interest ratio is presently 0.5 days.

Greystone Housing Impact Investors Price Performance

Shares of GHI stock traded up $0.08 during trading hours on Tuesday, reaching $13.16. The company had a trading volume of 72,060 shares, compared to its average volume of 66,045. 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 has a fifty day moving average of $12.34 and a 200-day moving average of $12.33. The company has a market capitalization of $304.81 million, a price-to-earnings ratio of 17.08 and a beta of 0.69. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $16.82.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The firm had revenue of $22.59 million for the quarter, compared to analysts’ expectations of $26.02 million. On average, equities analysts anticipate that Greystone Housing Impact Investors will post 1.9 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 Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Monday, March 31st. Greystone Housing Impact Investors’s dividend payout ratio is presently 192.21%.

Analyst Ratings Changes

Separately, Raymond James restated an “outperform” rating and issued a $17.00 price target (down from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $3,240,000. Samalin Investment Counsel LLC lifted its holdings in Greystone Housing Impact Investors by 40.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock valued at $634,000 after acquiring an additional 17,881 shares during the last quarter. Bullseye Investment Management LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $628,000. Stifel Financial Corp lifted its holdings in Greystone Housing Impact Investors by 4.9% in the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock valued at $523,000 after acquiring an additional 2,361 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $351,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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.