Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 6.6% in December

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 25,600 shares, a decrease of 6.6% from the December 15th total of 27,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 116,600 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, JMP Securities dropped their price objective on shares of Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating on the stock in a report on Thursday, November 7th.

Greystone Housing Impact Investors Stock Performance

NYSE GHI traded down $0.15 on Friday, hitting $11.79. 63,735 shares of the company traded hands, compared to its average volume of 144,839. The business’s 50 day moving average price is $11.23 and its 200-day moving average price is $12.88. Greystone Housing Impact Investors has a 52-week low of $10.12 and a 52-week high of $17.31. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $274.57 million, a price-to-earnings ratio of 19.05 and a beta of 0.70.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.43). The company had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.64 million. Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities analysts expect that Greystone Housing Impact Investors will post 0.49 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.55%. Greystone Housing Impact Investors’s payout ratio is currently 239.10%.

Institutional Trading of Greystone Housing Impact Investors

An institutional investor recently raised its position in Greystone Housing Impact Investors stock. Royal Capital Wealth Management LLC boosted its holdings in Greystone Housing Impact Investors LP (NYSE:GHI) by 7.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,827 shares of the company’s stock after buying an additional 1,644 shares during the period. Royal Capital Wealth Management LLC owned 0.11% of Greystone Housing Impact Investors worth $368,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 9.01% of the company’s stock.

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.