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 during the month of December. As of December 15th, there was short interest totalling 27,400 shares, a growth of 50.5% from the November 30th total of 18,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 98,300 shares, the short-interest ratio is presently 0.3 days.

Greystone Housing Impact Investors Price Performance

Shares of NYSE:GHI opened at $10.67 on Monday. The company’s fifty day moving average is $11.61 and its two-hundred day moving average is $13.27. The company has a market cap of $248.50 million, a P/E ratio of 17.24 and a beta of 0.69. Greystone Housing Impact Investors has a 12-month low of $10.32 and a 12-month high of $17.31. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36.

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

Greystone Housing Impact Investors Announces Dividend

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

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 on the stock in a report on Thursday, November 7th.

Institutional Inflows and Outflows

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

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.