Short Interest in Greystone Housing Impact Investors LP (NYSE:GHI) Increases By 301.7%

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 84,267 shares, a growth of 301.7% from the December 31st total of 20,976 shares. Based on an average daily volume of 128,835 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 128,835 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GHI shares. Citizens Jmp cut their target price on shares of Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Jones Trading dropped their price target on shares of Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Greystone Housing Impact Investors Price Performance

GHI stock traded up $0.37 during trading on Thursday, reaching $8.08. The company’s stock had a trading volume of 142,076 shares, compared to its average volume of 93,512. The company’s fifty day moving average is $7.15 and its 200-day moving average is $8.96. The company has a market capitalization of $190.43 million, a P/E ratio of 44.87 and a beta of 0.57. Greystone Housing Impact Investors has a 1 year low of $6.01 and a 1 year high of $13.29. The company has a quick ratio of 6.63, a current ratio of 6.63 and a debt-to-equity ratio of 3.65.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.36). The business had revenue of $21.68 million during the quarter, compared to the consensus estimate of $24.29 million. Greystone Housing Impact Investors had a return on equity of 8.07% and a net margin of 8.11%. On average, research analysts expect that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.4%. The ex-dividend date is Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently 555.56%.

Institutional Trading of Greystone Housing Impact Investors

Several hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Greystone Housing Impact Investors in the second quarter valued at $37,000. Motco bought a new position in Greystone Housing Impact Investors during the second quarter valued at $46,000. Advisory Services Network LLC bought a new position in Greystone Housing Impact Investors during the third quarter valued at $69,000. EverSource Wealth Advisors LLC grew its stake in shares of Greystone Housing Impact Investors by 16.7% in the 2nd 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 in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Greystone Housing Impact Investors in the second quarter worth about $179,000. 9.01% of the stock is owned by hedge funds and other institutional investors.

About Greystone Housing Impact Investors

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.