Greystone Housing Impact Investors LP (NYSE:GHI) Sees Large Decline in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 34,000 shares, a drop of 27.8% from the February 28th total of 47,100 shares. Based on an average daily trading volume, of 74,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several institutional investors have recently made changes to their positions in GHI. Raymond James Financial Inc. bought a new stake in Greystone Housing Impact Investors during the fourth quarter valued at approximately $3,240,000. Samalin Investment Counsel LLC boosted its stake in shares of Greystone Housing Impact Investors by 40.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock worth $634,000 after acquiring an additional 17,881 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in shares of Greystone Housing Impact Investors during the 4th quarter valued at $628,000. Stifel Financial Corp increased its stake in shares of Greystone Housing Impact Investors by 4.9% in the 4th quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock worth $523,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Greystone Housing Impact Investors in the 4th quarter worth $351,000. Institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Performance

NYSE:GHI traded up $0.13 during trading hours on Friday, reaching $12.76. The company had a trading volume of 34,018 shares, compared to its average volume of 66,031. The firm has a market cap of $295.66 million, a price-to-earnings ratio of 16.57 and a beta of 0.69. 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 firm’s 50 day moving average price is $12.53 and its 200-day moving average price is $12.28. Greystone Housing Impact Investors has a 52 week low of $10.12 and a 52 week high of $16.29.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping 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 company had revenue of $22.59 million during the quarter, compared to analyst estimates of $26.02 million. On average, analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.60%. The ex-dividend date of this dividend is Monday, March 31st. Greystone Housing Impact Investors’s payout ratio is currently 192.21%.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an “outperform” rating and issued a $17.00 target price (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research report on Tuesday, March 18th.

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.