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

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 34,000 shares, a drop of 27.8% from the February 28th total of 47,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 74,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Greystone Housing Impact Investors

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at approximately $351,000. Stifel Financial Corp grew its stake in shares of Greystone Housing Impact Investors by 4.9% in the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock valued at $523,000 after buying an additional 2,361 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at $134,000. Jump Financial LLC acquired a new position in Greystone Housing Impact Investors during the 4th quarter worth about $152,000. Finally, Raymond James Financial Inc. purchased a new position in Greystone Housing Impact Investors during the 4th quarter valued at about $3,240,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Price Performance

GHI traded down $0.43 on Monday, reaching $12.33. 22,175 shares of the company’s stock were exchanged, compared to its average volume of 65,856. The stock has a market cap of $285.68 million, a PE ratio of 16.01 and a beta of 0.69. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78. Greystone Housing Impact Investors has a twelve month low of $10.12 and a twelve month high of $16.29. The stock’s fifty day moving average price is $12.55 and its 200-day moving average price is $12.27.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The business had revenue of $22.59 million during the quarter, compared to analyst estimates of $26.02 million. Sell-side analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 12.00%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 192.21%.

Analysts Set New Price Targets

Separately, Raymond James reissued an “outperform” rating and set a $17.00 target price (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th.

About Greystone Housing Impact Investors

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.