Greystone Housing Impact Investors LP (NYSE:GHI) Sees Large Increase in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 21,400 shares, agrowthof494.4% from the July 15th total of 3,600 shares. Approximately0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 0.5 days. Approximately0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Greystone Housing Impact Investors during the 4th quarter valued at $3,240,000. Jane Street Group LLC acquired a new stake in shares of Greystone Housing Impact Investors during the 4th quarter valued at $351,000. Stifel Financial Corp boosted its stake in shares of Greystone Housing Impact Investors by 4.9% during the 4th 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 during the period. Jump Financial LLC bought a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at $152,000. Finally, NewEdge Advisors LLC bought a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at $134,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Trading Down 0.3%

Greystone Housing Impact Investors stock opened at $10.44 on Friday. The company has a 50 day moving average price of $11.40 and a 200 day moving average price of $11.85. Greystone Housing Impact Investors has a 52 week low of $10.12 and a 52 week high of $14.51. The company has a debt-to-equity ratio of 3.85, a quick ratio of 9.97 and a current ratio of 7.93. The firm has a market capitalization of $246.18 million, a price-to-earnings ratio of -130.48 and a beta of 0.61.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. Greystone Housing Impact Investors had a net margin of 0.98% and a return on equity of 5.63%. The firm had revenue of $23.59 million during the quarter, compared to analyst estimates of $25.65 million. Research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 11.5%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently -1,500.00%.

Analyst Ratings Changes

GHI has been the subject of a number of research reports. JMP Securities reduced their target price on shares of Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a report on Friday, August 8th. Jones Trading decreased their price objective on shares of Greystone Housing Impact Investors from $13.50 to $11.00 and set a “buy” rating for the company in a research note on Monday.

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.