Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Up 50.5% in December

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 27,400 shares, an increase of 50.5% from the November 30th total of 18,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 98,300 shares, the short-interest ratio is presently 0.3 days.

Greystone Housing Impact Investors Price Performance

Shares of NYSE GHI traded up $0.10 during midday trading on Friday, reaching $10.67. The company's stock had a trading volume of 152,616 shares, compared to its average volume of 59,892. Greystone Housing Impact Investors has a one year low of $10.32 and a one year high of $17.31. The company has a market cap of $248.50 million, a price-to-earnings ratio of 17.24 and a beta of 0.69. The company has a 50 day moving average price of $11.61 and a 200 day moving average price of $13.27. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.43). The company had revenue of $24.35 million during the quarter, compared to the consensus estimate of $23.64 million. Greystone Housing Impact Investors had a net margin of 17.55% and a return on equity of 2.46%. During the same period in the prior year, the company posted $0.39 EPS. On average, equities research analysts expect that Greystone Housing Impact Investors will post 0.49 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.87%. Greystone Housing Impact Investors's dividend payout ratio (DPR) is 238.71%.

Institutional Trading of Greystone Housing Impact Investors

An institutional investor recently raised its position in Greystone Housing Impact Investors stock. Royal Capital Wealth Management LLC lifted its position in Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,827 shares of the company's stock after acquiring an additional 1,644 shares during the period. Royal Capital Wealth Management LLC owned about 0.11% of Greystone Housing Impact Investors worth $368,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.01% of the company's stock.

Wall Street Analyst Weigh In

Separately, JMP Securities cut their target price 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.

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.