Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 33.5% in March

Greystone Housing Impact Investors LP (NYSE:GHI) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 22,600 shares, a drop of 33.5% from the March 15th total of 34,000 shares. Based on an average daily volume of 53,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Greystone Housing Impact Investors

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

Wall Street Analyst Weigh In

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

Greystone Housing Impact Investors Stock Up 0.2 %

Shares of Greystone Housing Impact Investors stock opened at $11.36 on Friday. Greystone Housing Impact Investors has a 1-year low of $10.12 and a 1-year high of $15.90. The company has a market capitalization of $263.22 million, a P/E ratio of 14.75 and a beta of 0.52. The business’s fifty day moving average price is $12.30 and its two-hundred day moving average price is $12.05. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. As a group, research analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date of this dividend is Monday, March 31st. Greystone Housing Impact Investors’s payout ratio is currently 192.21%.

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.