Short Interest in Greystone Housing Impact Investors LP (NYSE:GHI) Declines By 6.6%

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

Hedge Funds Weigh In On Greystone Housing Impact Investors

An institutional investor recently raised its position in Greystone Housing Impact Investors stock. Royal Capital Wealth Management LLC boosted its stake in Greystone Housing Impact Investors LP (NYSE:GHI) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,827 shares of the company’s stock after purchasing an additional 1,644 shares during the period. Royal Capital Wealth Management LLC owned approximately 0.11% of Greystone Housing Impact Investors worth $368,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.01% of the company’s stock.

Greystone Housing Impact Investors Stock Down 1.3 %

Greystone Housing Impact Investors stock traded down $0.15 during mid-day trading on Friday, hitting $11.79. The company had a trading volume of 63,735 shares, compared to its average volume of 144,839. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month 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 stock’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $12.88. The company has a market capitalization of $274.57 million, a PE ratio of 19.05 and a beta of 0.70.

Greystone Housing Impact Investors (NYSE:GHI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.43). The firm 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 last year, the company posted $0.39 earnings per share. As a group, sell-side analysts anticipate that Greystone Housing Impact Investors will post 0.49 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

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

Wall Street Analyst Weigh In

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 research note on Thursday, November 7th.

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.