Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Up 16.7% in August

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 10,500 shares, a growth of 16.7% from the August 15th total of 9,000 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Insider Activity at Greystone Housing Impact Investors

In related news, CEO Kenneth Rogozinski purchased 2,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $15.92 per share, with a total value of $31,840.00. Following the transaction, the chief executive officer now owns 51,519 shares of the company’s stock, valued at $820,182.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Greystone Housing Impact Investors

A number of institutional investors have recently made changes to their positions in the company. Raymond James & Associates purchased a new position in Greystone Housing Impact Investors in the 2nd quarter valued at $2,883,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Greystone Housing Impact Investors in the second quarter worth about $2,802,000. America First Investment Advisors LLC purchased a new position in shares of Greystone Housing Impact Investors in the second quarter worth about $2,052,000. Equitable Holdings Inc. acquired a new position in Greystone Housing Impact Investors during the second quarter worth about $1,989,000. Finally, Bluefin Capital Management LLC purchased a new stake in Greystone Housing Impact Investors during the 2nd quarter valued at about $1,639,000. 9.55% of the stock is owned by institutional investors and hedge funds.

Greystone Housing Impact Investors Trading Up 0.1 %

Shares of NYSE:GHI opened at $16.67 on Tuesday. The business’s 50 day moving average price is $16.05 and its 200-day moving average price is $16.32. Greystone Housing Impact Investors has a 1 year low of $15.07 and a 1 year high of $19.49. The firm has a market capitalization of $380.58 million, a price-to-earnings ratio of 7.15 and a beta of 0.66. The company has a debt-to-equity ratio of 3.39, a current ratio of 20.27 and a quick ratio of 20.27.

Greystone Housing Impact Investors (NYSE:GHI) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.41. The business had revenue of $28.30 million for the quarter, compared to the consensus estimate of $26.50 million. Greystone Housing Impact Investors had a net margin of 61.07% and a return on equity of 18.07%. On average, equities research analysts forecast that Greystone Housing Impact Investors will post 1.92 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.88%. Greystone Housing Impact Investors’s payout ratio is currently 63.52%.

Analyst Upgrades and Downgrades

Separately, Raymond James decreased their price objective on shares of Greystone Housing Impact Investors from $21.00 to $19.00 in a research report on Wednesday, June 14th.

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 and student housing residential properties and commercial properties. It operates through four segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments.