Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Up 120.3% in August

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 27,100 shares, a growth of 120.3% from the July 31st total of 12,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 49,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Greystone Housing Impact Investors during the 2nd quarter worth $31,000. Tucker Asset Management LLC bought a new stake in Greystone Housing Impact Investors in the fourth quarter valued at about $80,000. Cape Investment Advisory Inc. lifted its stake in Greystone Housing Impact Investors by 150.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 5,049 shares of the company’s stock valued at $85,000 after buying an additional 3,035 shares during the period. Pineridge Advisors LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at about $144,000. Finally, Cetera Advisors LLC acquired a new position in shares of Greystone Housing Impact Investors during the 1st quarter worth about $338,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock traded up $0.05 during mid-day trading on Friday, hitting $14.33. 19,999 shares of the company were exchanged, compared to its average volume of 44,056. The company has a market capitalization of $333.73 million, a PE ratio of 7.58 and a beta of 0.66. The company has a quick ratio of 12.65, a current ratio of 12.65 and a debt-to-equity ratio of 2.93. The business has a fifty day moving average of $14.40 and a 200 day moving average of $15.28. Greystone Housing Impact Investors has a 1-year low of $13.31 and a 1-year high of $17.55.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $25.57 million. Greystone Housing Impact Investors had a return on equity of 11.65% and a net margin of 45.87%. During the same period in the previous year, the business posted $0.85 EPS. As a group, sell-side analysts expect that Greystone Housing Impact Investors will post 1.19 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend was Friday, June 28th. Greystone Housing Impact Investors’s dividend payout ratio is currently 78.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on GHI. Jonestrading decreased their price target on shares of Greystone Housing Impact Investors from $20.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, May 10th. Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a research note on Thursday, August 1st. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Raymond James cut their price target on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating for the company in a research note on Monday, August 12th.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.