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

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 9,000 shares, an increase of 20.0% from the April 30th total of 7,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 45,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Greystone Housing Impact Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bluefin Capital Management LLC purchased a new position in shares of Greystone Housing Impact Investors in the first quarter valued at approximately $1,272,000. Jones Financial Companies Lllp raised its holdings in shares of Greystone Housing Impact Investors by 14,338.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock valued at $402,000 after purchasing an additional 32,406 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Greystone Housing Impact Investors by 9.3% during the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock worth $2,048,000 after acquiring an additional 14,163 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in Greystone Housing Impact Investors by 61.8% in the first quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company's stock valued at $505,000 after purchasing an additional 15,630 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Greystone Housing Impact Investors by 7.8% in the first quarter. Raymond James Financial Inc. now owns 340,762 shares of the company's stock valued at $4,202,000 after buying an additional 24,707 shares during the last quarter. Institutional investors and hedge funds own 9.01% of the company's stock.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock traded up $0.05 during midday trading on Friday, reaching $11.89. 7,723 shares of the stock traded hands, compared to its average volume of 65,121. The stock has a market cap of $278.19 million, a P/E ratio of 15.44 and a beta of 0.60. The stock's fifty day moving average is $11.61 and its 200-day moving average is $11.81. Greystone Housing Impact Investors has a 12 month low of $10.12 and a 12 month high of $15.31. The company has a quick ratio of 10.78, a current 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, May 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Greystone Housing Impact Investors had a net margin of 22.35% and a return on equity of 5.76%. The business had revenue of $25.13 million during the quarter, compared to analyst estimates of $23.89 million. As a group, equities research analysts anticipate that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.45%. Greystone Housing Impact Investors's payout ratio is 321.74%.

Analysts Set New Price Targets

GHI has been the topic of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $17.00 price target (down from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th. JMP Securities decreased their target price on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Jones Trading lowered their price target on Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating on the stock in a report on Thursday, May 8th.

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.