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

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jones Trading reduced their price objective on 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Monday, December 29th. Finally, Citizens Jmp reduced their price target on Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Greystone Housing Impact Investors Stock Down 0.8%

GHI traded down $0.06 on Wednesday, reaching $7.90. The company’s stock had a trading volume of 1,290 shares, compared to its average volume of 100,335. Greystone Housing Impact Investors has a 1 year low of $6.01 and a 1 year high of $13.29. The business’s 50 day moving average is $7.08 and its 200 day moving average is $8.98. The company has a debt-to-equity ratio of 3.65, a current ratio of 6.63 and a quick ratio of 6.63. The stock has a market cap of $186.30 million, a price-to-earnings ratio of 43.97 and a beta of 0.57.

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

Greystone Housing Impact Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio is 555.56%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Greystone Housing Impact Investors by 9.3% in the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock valued at $2,048,000 after purchasing an additional 14,163 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock valued at $402,000 after buying an additional 32,406 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Greystone Housing Impact Investors during the second quarter valued at approximately $37,000. Motco acquired a new position in shares of Greystone Housing Impact Investors in the 2nd quarter worth approximately $46,000. Finally, Savvy Advisors Inc. acquired a new position in shares of Greystone Housing Impact Investors in the 2nd quarter worth approximately $179,000. Institutional investors own 9.01% of the company’s stock.

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.