Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 27.8% in March

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 34,000 shares, a decline of 27.8% from the February 28th total of 47,100 shares. Based on an average trading volume of 74,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company's stock are short sold.

Greystone Housing Impact Investors Stock Up 1.3 %

Shares of GHI stock traded up $0.16 during trading hours on Thursday, hitting $12.26. 36,748 shares of the company's stock traded hands, compared to its average volume of 53,019. The company has a quick ratio of 10.78, a current ratio of 10.78 and a debt-to-equity ratio of 3.36. The stock has a market cap of $284.08 million, a price-to-earnings ratio of 15.92 and a beta of 0.69. The stock's fifty day simple moving average is $12.56 and its two-hundred day simple moving average is $12.26. Greystone Housing Impact Investors has a 12-month low of $10.12 and a 12-month high of $16.10.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $22.59 million for the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. On average, analysts expect that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 12.07%. Greystone Housing Impact Investors's dividend payout ratio is presently 192.21%.

Analyst Ratings Changes

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.

Institutional Investors Weigh In On Greystone Housing Impact Investors

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Greystone Housing Impact Investors by 15.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company's stock worth $77,000 after buying an additional 1,000 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Greystone Housing Impact Investors by 12.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock worth $137,000 after purchasing an additional 1,527 shares during the period. Stifel Financial Corp grew its stake in shares of Greystone Housing Impact Investors by 4.9% during the 4th quarter. Stifel Financial Corp now owns 51,017 shares of the company's stock valued at $523,000 after acquiring an additional 2,361 shares during the period. NewEdge Advisors LLC purchased a new stake in Greystone Housing Impact Investors in the 4th quarter worth approximately $134,000. Finally, Jump Financial LLC purchased a new position in Greystone Housing Impact Investors during the fourth quarter valued at approximately $152,000. Institutional investors own 9.01% of the company's stock.

About Greystone Housing Impact Investors

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.