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

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 117,737 shares, a growth of 39.7% from the January 15th total of 84,267 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 84,385 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 84,385 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the shares of the stock are sold short.

Greystone Housing Impact Investors Trading Up 1.4%

Shares of NYSE:GHI traded up $0.10 during trading on Monday, reaching $7.67. 58,019 shares of the company traded hands, compared to its average volume of 69,783. The company has a current ratio of 6.63, a quick ratio of 6.63 and a debt-to-equity ratio of 3.65. Greystone Housing Impact Investors has a 52-week low of $6.01 and a 52-week high of $13.29. The firm has a market capitalization of $180.93 million, a price-to-earnings ratio of 42.63 and a beta of 0.58. The business’s fifty day moving average is $7.37 and its 200-day moving average is $8.66.

Greystone Housing Impact Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Greystone Housing Impact Investors’s dividend payout ratio is 555.56%.

Institutional Trading of Greystone Housing Impact Investors

Large investors have recently modified their holdings of the business. America First Investment Advisors LLC grew its position in shares of Greystone Housing Impact Investors by 111.7% in the 2nd quarter. America First Investment Advisors LLC now owns 120,189 shares of the company’s stock worth $1,361,000 after buying an additional 63,417 shares during the last quarter. Motco bought a new position in shares of Greystone Housing Impact Investors during the second quarter valued at approximately $46,000. Savvy Advisors Inc. purchased a new stake in Greystone Housing Impact Investors in the second quarter worth $179,000. Equitable Holdings Inc. lifted its stake 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 acquiring an additional 28,411 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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 in the last quarter. 9.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Greystone Housing Impact Investors

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.