Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 18.8% in March

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 86,228 shares, a decline of 18.8% from the February 26th total of 106,243 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 53,283 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after purchasing an additional 1,250 shares during the period. Larson Financial Group LLC grew its holdings in shares of Greystone Housing Impact Investors by 3.6% in the fourth quarter. Larson Financial Group LLC now owns 44,565 shares of the company’s stock valued at $307,000 after purchasing an additional 1,549 shares in the last quarter. Samalin Investment Counsel LLC grew its holdings in shares of Greystone Housing Impact Investors by 8.3% in the third quarter. Samalin Investment Counsel LLC now owns 50,386 shares of the company’s stock valued at $519,000 after purchasing an additional 3,845 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Greystone Housing Impact Investors during the 3rd quarter worth approximately $69,000. Finally, Corient Private Wealth LLC purchased a new stake in Greystone Housing Impact Investors during the 4th quarter worth approximately $71,000. 9.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Greystone Housing Impact Investors from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Greystone Housing Impact Investors in a research report on Monday, December 29th. JonesTrading cut their price target on Greystone Housing Impact Investors from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Citizens Jmp lowered Greystone Housing Impact Investors from an “outperform” rating to a “market perform” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.50.

Greystone Housing Impact Investors Trading Up 3.9%

Shares of NYSE:GHI traded up $0.19 during midday trading on Wednesday, reaching $5.11. 124,998 shares of the company’s stock were exchanged, compared to its average volume of 124,575. The firm’s 50 day simple moving average is $7.19 and its two-hundred day simple moving average is $7.79. The stock has a market cap of $120.59 million, a price-to-earnings ratio of -13.46 and a beta of 0.58. Greystone Housing Impact Investors has a fifty-two week low of $4.71 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 3.95, a current ratio of 9.25 and a quick ratio of 9.25.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.48). Greystone Housing Impact Investors had a positive return on equity of 6.13% and a negative net margin of 5.95%.The company had revenue of $17.15 million during the quarter, compared to analyst estimates of $24.35 million. As a group, sell-side analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 11.0%. Greystone Housing Impact Investors’s dividend payout ratio is presently -263.16%.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors (NYSE:GHI) is a publicly traded real estate investment trust focused on financing and preserving affordable and sustainable rental housing in the United States. As the country’s first social‐impact REIT dedicated to housing, GHI aims to deliver stable, long‐term cash flows to its shareholders while supporting underserved communities through strategic capital deployment.

The company originates, underwrites and manages a diversified portfolio of first‐mortgage loans secured by multifamily residential properties, with an emphasis on workforce, affordable and mixed‐income developments.