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

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 224,652 shares, an increase of 48.5% from the July 30th total of 151,277 shares. Based on an average daily volume of 63,933 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Large investors have recently modified their holdings of the stock. Abel Hall LLC acquired a new position in shares of Greystone Housing Impact Investors in the 1st quarter worth $49,000. Advisory Services Network LLC purchased a new stake in shares of Greystone Housing Impact Investors during the third quarter valued at $69,000. Corient Private Wealth LLC purchased a new stake in shares of Greystone Housing Impact Investors during the fourth quarter valued at $71,000. LPL Financial LLC acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at $76,000. Finally, ING Groep NV acquired a new position in shares of Greystone Housing Impact Investors in the 4th quarter valued at $78,000. 9.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GHI has been the subject of several research analyst reports. Wall Street Zen raised shares of Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Greystone Housing Impact Investors currently has an average rating of “Hold” and a consensus target price of $9.50.

Greystone Housing Impact Investors Price Performance

Shares of NYSE GHI traded up $0.07 during midday trading on Tuesday, reaching $6.26. The company’s stock had a trading volume of 13,461 shares, compared to its average volume of 92,029. The company has a current ratio of 6.19, a quick ratio of 6.19 and a debt-to-equity ratio of 3.80. The company has a 50 day moving average price of $5.79 and a 200 day moving average price of $5.84. Greystone Housing Impact Investors has a one year low of $4.71 and a one year high of $10.95. The company has a market cap of $147.49 million, a price-to-earnings ratio of -26.08 and a beta of 0.67.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $21.19 million for the quarter, compared to the consensus estimate of $20.49 million. Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.

Greystone Housing Impact Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio is -233.33%.

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.