Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Update

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 117,737 shares, a growth of 39.7% from the January 15th total of 84,267 shares. Based on an average daily volume of 84,385 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 84,385 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Motco bought a new stake in shares of Greystone Housing Impact Investors during the 2nd quarter valued at $46,000. Advisory Services Network LLC bought a new position in shares of Greystone Housing Impact Investors in the third quarter worth $69,000. LPL Financial LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at about $76,000. ING Groep NV bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth about $78,000. Finally, EverSource Wealth Advisors LLC lifted its position in Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after purchasing an additional 1,250 shares during the period. 9.01% of the stock is owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Stock Performance

Shares of Greystone Housing Impact Investors stock traded up $0.10 on Friday, hitting $7.67. The stock had a trading volume of 58,019 shares, compared to its average volume of 71,597. The company has a quick ratio of 6.63, a current ratio of 6.63 and a debt-to-equity ratio of 3.65. The business’s 50 day moving average is $7.37 and its two-hundred day moving average is $8.68. Greystone Housing Impact Investors has a twelve month low of $6.01 and a twelve month high of $13.29. The stock has a market cap of $180.94 million, a price-to-earnings ratio of 42.63 and a beta of 0.59.

Greystone Housing Impact Investors Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 annualized dividend and a yield of 13.0%. Greystone Housing Impact Investors’s payout ratio is 555.56%.

Analysts Set New Price Targets

Several research analysts recently commented on GHI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Monday, December 29th. Citizens Jmp cut their price target 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 note on Friday, November 7th. Finally, Jones Trading lowered their price objective 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Greystone Housing Impact Investors currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.