Greystone Housing Impact Investors LP (NYSE:GHI) Sees Large Increase in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the recipient of a large increase in short interest during 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 days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in Greystone Housing Impact Investors by 15.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company's stock worth $77,000 after purchasing an additional 1,000 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at $134,000. Commonwealth Equity Services LLC increased its position in shares of Greystone Housing Impact Investors by 12.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company's stock valued at $137,000 after buying an additional 1,527 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at $152,000. Finally, Virtu Financial LLC purchased a new stake in Greystone Housing Impact Investors during the 4th quarter worth about $164,000. Institutional investors and hedge funds own 9.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JMP Securities lowered their target price on 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. Raymond James reissued an "outperform" rating and set 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. Finally, Jones Trading cut their target price on Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Greystone Housing Impact Investors Stock Performance

Shares of NYSE:GHI traded up $0.08 during trading on Friday, reaching $11.92. The company had a trading volume of 15,583 shares, compared to its average volume of 65,441. The stock's fifty day moving average price is $11.60 and its 200 day moving average price is $11.81. Greystone Housing Impact Investors has a fifty-two week low of $10.12 and a fifty-two week high of $15.31. The firm has a market capitalization of $278.89 million, a price-to-earnings ratio of 15.48 and a beta of 0.60. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The firm had revenue of $25.13 million for the quarter, compared to analyst estimates of $23.89 million. As a group, equities research analysts predict that Greystone Housing Impact Investors will post 1.9 EPS for the current year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date was Monday, March 31st. Greystone Housing Impact Investors's dividend payout ratio is presently 321.74%.

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.