Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Update

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 224,652 shares, a growth of 48.5% from the July 30th total of 151,277 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 63,933 shares, the short-interest ratio is currently 3.5 days.

Greystone Housing Impact Investors Stock Performance

NYSE:GHI traded up $0.07 during trading hours on Tuesday, reaching $6.26. 13,461 shares of the stock were exchanged, compared to its average volume of 92,029. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 3.80. The firm has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $5.84. Greystone Housing Impact Investors has a 52 week low of $4.71 and a 52 week high of $10.95. The stock has a market capitalization of $147.49 million, a P/E ratio of -26.08 and a beta of 0.67.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Greystone Housing Impact Investors had a negative net margin of 1.03% and a positive return on equity of 3.72%. The firm had revenue of $21.19 million during the quarter, compared to the consensus estimate of $20.49 million.

Greystone Housing Impact Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio is currently -233.33%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abel Hall LLC acquired a new position in Greystone Housing Impact Investors during the 1st quarter valued at about $49,000. Advisory Services Network LLC acquired a new stake in Greystone Housing Impact Investors in the 3rd quarter valued at approximately $69,000. Corient Private Wealth LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter valued at approximately $71,000. LPL Financial LLC acquired a new stake in Greystone Housing Impact Investors in the 4th quarter valued at approximately $76,000. Finally, ING Groep NV bought a new stake in Greystone Housing Impact Investors during the 4th quarter valued at $78,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GHI has been the topic of several recent analyst reports. Wall Street Zen upgraded Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.50.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social?impact REIT dedicated to housing, GHI aims to deliver stable, long?term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first?mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed?income developments.