Short Interest in Greystone Housing Impact Investors LP (NYSE:GHI) Grows By 48.5%

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GHI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Greystone Housing Impact Investors in a research report on Tuesday, June 16th. Wall Street Zen raised Greystone Housing Impact Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Greystone Housing Impact Investors has an average rating of “Hold” and an average price target of $9.50.

Greystone Housing Impact Investors Trading Up 1.0%

GHI traded up $0.06 during trading on Wednesday, hitting $6.27. 8,194 shares of the company’s stock were exchanged, compared to its average volume of 91,701. Greystone Housing Impact Investors has a 1 year low of $4.71 and a 1 year high of $10.95. The stock has a 50 day moving average price of $5.79 and a 200 day moving average price of $5.83. The firm has a market cap of $147.72 million, a P/E ratio of -26.12 and a beta of 0.68. The company has a current ratio of 6.19, a quick ratio of 6.19 and a debt-to-equity ratio of 3.80.

Greystone Housing Impact Investors (NYSE:GHI) last issued its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Greystone Housing Impact Investors had a positive return on equity of 3.72% and a negative net margin of 1.03%.The company had revenue of $21.19 million during the quarter, compared to analysts’ expectations 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. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 annualized dividend and a yield of 8.9%. Greystone Housing Impact Investors’s payout ratio is currently -233.33%.

Institutional Trading of Greystone Housing Impact Investors

Several institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC acquired a new position in Greystone Housing Impact Investors in the fourth quarter valued at approximately $71,000. Jane Street Group LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter worth approximately $106,000. HRT Financial LP bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter worth approximately $101,000. LPL Financial LLC acquired a new position in Greystone Housing Impact Investors during the 4th quarter valued at approximately $76,000. Finally, Advisory Services Network LLC bought a new position in Greystone Housing Impact Investors during the 3rd quarter worth $69,000. 9.01% of the stock is owned by institutional investors and hedge funds.

About Greystone Housing Impact Investors

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.