Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 24.0% in February

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 62,100 shares, a decline of 24.0% from the January 31st total of 81,700 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is presently 0.7 days.

Greystone Housing Impact Investors Stock Up 5.4 %

Shares of NYSE:GHI opened at $12.95 on Thursday. Greystone Housing Impact Investors has a 1 year low of $10.12 and a 1 year high of $16.82. The business has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $12.40. The firm has a market capitalization of $300.04 million, a PE ratio of 16.82 and a beta of 0.73. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

Greystone Housing Impact Investors (NYSE:GHI) last announced its earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The business had revenue of $22.59 million during the quarter, compared to analyst estimates of $26.02 million. On average, equities analysts predict that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.43%. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is presently 192.21%.

Institutional Trading of Greystone Housing Impact Investors

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Greystone Housing Impact Investors by 15.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company’s stock valued at $77,000 after purchasing an additional 1,000 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $134,000. Commonwealth Equity Services LLC boosted its holdings in shares of Greystone Housing Impact Investors by 12.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company’s stock valued at $137,000 after purchasing an additional 1,527 shares during the period. Jump Financial LLC purchased a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $152,000. Finally, Virtu Financial LLC purchased a new stake in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $164,000. Hedge funds and other institutional investors own 9.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reduced their target price on 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.

About Greystone Housing Impact Investors

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.