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

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 106,243 shares, a growth of 43.6% from the February 12th total of 73,981 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 71,705 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 71,705 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the stock are short sold.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock opened at $7.17 on Monday. The business’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $8.24. The company has a quick ratio of 6.63, a current ratio of 6.63 and a debt-to-equity ratio of 3.65. The stock has a market cap of $169.09 million, a price-to-earnings ratio of 39.84 and a beta of 0.58. Greystone Housing Impact Investors has a 12-month low of $6.01 and a 12-month high of $13.29.

Greystone Housing Impact Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is 555.56%.

Institutional Investors Weigh In On Greystone Housing Impact Investors

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Greystone Housing Impact Investors by 9.3% in the first quarter. Royal Bank of Canada now owns 166,134 shares of the company’s stock valued at $2,048,000 after buying an additional 14,163 shares during the period. Jones Financial Companies Lllp boosted its stake in Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company’s stock valued at $402,000 after acquiring an additional 32,406 shares during the last quarter. America First Investment Advisors LLC grew its holdings in Greystone Housing Impact Investors by 111.7% during the 2nd quarter. America First Investment Advisors LLC now owns 120,189 shares of the company’s stock worth $1,361,000 after acquiring an additional 63,417 shares during the period. EverSource Wealth Advisors LLC grew 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 acquiring an additional 1,250 shares during the period. Finally, Samalin Investment Counsel LLC raised its position in shares of Greystone Housing Impact Investors by 8.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 50,386 shares of the company’s stock valued at $519,000 after acquiring an additional 3,845 shares during the last quarter. 9.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.67.

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.