Greystone Housing Impact Investors LP (NYSE:GHI) Sees Significant Growth in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 84,267 shares, a growth of 301.7% from the December 31st total of 20,976 shares. Based on an average daily trading volume, of 128,835 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 128,835 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Greystone Housing Impact Investors

Several large investors have recently modified their holdings of GHI. Advisory Services Network LLC bought a new stake in Greystone Housing Impact Investors during the 3rd quarter worth about $69,000. Equitable Holdings Inc. increased its holdings in Greystone Housing Impact Investors by 13.6% in the third quarter. Equitable Holdings Inc. now owns 237,506 shares of the company’s stock worth $2,446,000 after purchasing an additional 28,411 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Greystone Housing Impact Investors by 54.7% in the 3rd quarter. GSA Capital Partners LLP now owns 32,955 shares of the company’s stock worth $339,000 after acquiring an additional 11,648 shares during the last quarter. Samalin Investment Counsel LLC raised its position in Greystone Housing Impact Investors by 8.3% in the third quarter. Samalin Investment Counsel LLC now owns 50,386 shares of the company’s stock worth $519,000 after acquiring an additional 3,845 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Greystone Housing Impact Investors by 16.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock valued at $99,000 after acquiring an additional 1,250 shares during the period. 9.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GHI has been the subject of several recent research reports. Jones Trading cut their price target on Greystone Housing Impact Investors from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Citizens Jmp lowered their price target on shares of Greystone Housing Impact Investors from $14.00 to $12.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Greystone Housing Impact Investors Price Performance

GHI stock traded down $0.21 during midday trading on Friday, reaching $7.89. The stock had a trading volume of 119,864 shares, compared to its average volume of 106,553. Greystone Housing Impact Investors has a 52-week low of $6.01 and a 52-week high of $13.29. The company has a market cap of $186.14 million, a price-to-earnings ratio of 43.86 and a beta of 0.57. The company has a current ratio of 6.63, a quick ratio of 6.63 and a debt-to-equity ratio of 3.65. The company’s fifty day simple moving average is $7.15 and its 200 day simple moving average is $8.96.

Greystone Housing Impact Investors (NYSE:GHI) last posted its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.36). The company had revenue of $21.68 million during the quarter, compared to analyst estimates of $24.29 million. Greystone Housing Impact Investors had a net margin of 8.11% and a return on equity of 8.07%. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently 555.56%.

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.