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

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 86,228 shares, a drop of 18.8% from the February 26th total of 106,243 shares. Based on an average trading volume of 53,283 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Greystone Housing Impact Investors Stock Down 1.0%

Shares of NYSE GHI traded down $0.05 during trading on Tuesday, hitting $4.95. The stock had a trading volume of 231,090 shares, compared to its average volume of 191,494. Greystone Housing Impact Investors has a 12 month low of $4.71 and a 12 month high of $12.70. The company has a debt-to-equity ratio of 3.95, a current ratio of 9.25 and a quick ratio of 9.25. The company has a market capitalization of $116.74 million, a PE ratio of -13.03 and a beta of 0.58. The firm has a fifty day moving average of $7.19 and a two-hundred day moving average of $7.79.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Monday, March 16th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.48). Greystone Housing Impact Investors had a negative net margin of 5.95% and a positive return on equity of 6.13%. The firm had revenue of $17.15 million during the quarter, compared to analysts’ expectations of $24.35 million. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Tuesday, March 31st. Greystone Housing Impact Investors’s payout ratio is presently -263.16%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several institutional investors have recently modified their holdings of GHI. Royal Bank of Canada lifted its holdings in Greystone Housing Impact Investors by 9.3% during the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock worth $2,048,000 after acquiring an additional 14,163 shares during the period. Jones Financial Companies Lllp grew its stake in Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock valued at $402,000 after purchasing an additional 32,406 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Greystone Housing Impact Investors by 16.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after purchasing an additional 1,250 shares during the last quarter. Samalin Investment Counsel LLC increased its position in shares of Greystone Housing Impact Investors by 8.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 50,386 shares of the company’s stock valued at $519,000 after purchasing an additional 3,845 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Greystone Housing Impact Investors by 54.7% during the 3rd quarter. GSA Capital Partners LLP now owns 32,955 shares of the company’s stock worth $339,000 after purchasing an additional 11,648 shares during the period. 9.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Monday, December 29th. Citizens Jmp lowered shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a report on Friday, March 20th. JonesTrading dropped their price target on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, Wall Street Zen downgraded Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

Greystone Housing Impact Investors Company Profile

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.