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

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 293,729 shares, an increase of 240.6% from the March 15th total of 86,228 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 306,675 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of 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 purchasing an additional 14,163 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Greystone Housing Impact Investors by 14,338.9% during the first 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 last quarter. Jump Financial LLC acquired a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $265,000. HRT Financial LP bought a new position in Greystone Housing Impact Investors in the 4th quarter worth approximately $101,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 worth $99,000 after buying an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Price Performance

NYSE GHI traded up $0.16 during trading hours on Friday, reaching $5.19. 153,818 shares of the company’s stock were exchanged, compared to its average volume of 237,977. The firm has a fifty day moving average of $6.73 and a 200-day moving average of $7.51. Greystone Housing Impact Investors has a one year low of $4.71 and a one year high of $12.70. The stock has a market cap of $122.26 million, a PE ratio of -13.64 and a beta of 0.70. The company has a current ratio of 9.25, a quick ratio of 9.25 and a debt-to-equity ratio of 3.95.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The business had revenue of $17.15 million during the quarter, compared to analyst estimates of $24.35 million. Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%. On average, equities research analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 10.8%. Greystone Housing Impact Investors’s dividend payout ratio is -147.37%.

Analysts Set New Price Targets

Several research firms have issued reports on GHI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Monday, December 29th. Wall Street Zen lowered shares of Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Citizens Jmp cut shares of Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research report on Friday, March 20th. Finally, JonesTrading cut their price target on shares of Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 20th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.