Short Interest in Greystone Housing Impact Investors LP (NYSE:GHI) Rises By 48.5%

Greystone Housing Impact Investors LP (NYSE:GHI) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 224,652 shares, an increase of 48.5% from the July 30th total of 151,277 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 63,933 shares, the days-to-cover ratio is currently 3.5 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Greystone Housing Impact Investors Price Performance

NYSE GHI opened at $6.24 on Thursday. The business’s fifty day moving average is $5.80 and its two-hundred day moving average is $5.82. The company has a debt-to-equity ratio of 3.80, a quick ratio of 6.19 and a current ratio of 6.19. The stock has a market capitalization of $146.94 million, a P/E ratio of -25.99 and a beta of 0.68. Greystone Housing Impact Investors has a 1 year low of $4.71 and a 1 year high of $10.95.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $20.49 million. Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.0%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently -233.33%.

Institutional Trading of Greystone Housing Impact Investors

Institutional investors and hedge funds have recently modified their holdings of the company. Abel Hall LLC bought a new position in shares of Greystone Housing Impact Investors in the first quarter worth about $49,000. Advisory Services Network LLC acquired a new stake in shares of Greystone Housing Impact Investors in the third quarter valued at $69,000. Corient Private Wealth LLC bought a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at about $71,000. LPL Financial LLC bought a new stake in Greystone Housing Impact Investors during the 4th quarter worth about $76,000. Finally, ING Groep NV acquired a new position in shares of Greystone Housing Impact Investors during the fourth quarter worth approximately $78,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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.