Greystone Housing Impact Investors LP (NYSE:GHI) Sees Significant Decline in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 62,100 shares, a decrease of 24.0% from the January 31st total of 81,700 shares. Based on an average daily volume of 92,500 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company's stock are short sold.

Greystone Housing Impact Investors Stock Up 0.7 %

GHI traded up $0.09 on Friday, hitting $12.90. 61,427 shares of the company were exchanged, compared to its average volume of 65,534. The stock's fifty day moving average is $12.00 and its 200-day moving average is $12.41. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month high of $16.82. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The company has a market cap of $298.91 million, a PE ratio of 16.75 and a beta of 0.69.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The company had revenue of $22.59 million for the quarter, compared to analysts' expectations of $26.02 million. Equities research analysts predict that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

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Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend was Tuesday, December 31st. Greystone Housing Impact Investors's dividend payout ratio (DPR) is presently 192.21%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reduced their price objective on Greystone Housing Impact Investors from $19.00 to $17.50 and set a "market outperform" rating for the company in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Greystone Housing Impact Investors during the fourth quarter worth about $3,240,000. EverSource Wealth Advisors LLC boosted its stake in shares of Greystone Housing Impact Investors by 15.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company's stock worth $77,000 after acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Greystone Housing Impact Investors by 12.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock worth $137,000 after acquiring an additional 1,527 shares during the last quarter. Virtu Financial LLC bought a new stake in Greystone Housing Impact Investors in the 4th quarter valued at $164,000. Finally, Samalin Investment Counsel LLC lifted its holdings in Greystone Housing Impact Investors by 40.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company's stock valued at $634,000 after purchasing an additional 17,881 shares during the last quarter. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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.