Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 43.5% in August

Greystone Housing Impact Investors LP (NYSE:GHI) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 15,300 shares, a decline of 43.5% from the August 15th total of 27,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 49,300 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of brokerages have commented on GHI. Janney Montgomery Scott began coverage on Greystone Housing Impact Investors in a report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price objective on the stock. Raymond James lowered their price target on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a research report on Monday, August 12th.

Greystone Housing Impact Investors Trading Up 0.1 %

Shares of NYSE:GHI opened at $13.60 on Friday. The business’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $15.08. Greystone Housing Impact Investors has a 1 year low of $13.30 and a 1 year high of $17.55. The company has a debt-to-equity ratio of 3.36, a current ratio of 13.29 and a quick ratio of 13.29. The company has a market capitalization of $316.74 million, a P/E ratio of 7.18 and a beta of 0.68.

Greystone Housing Impact Investors (NYSE:GHI) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.15). The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $25.57 million. Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. During the same period last year, the company posted $0.85 earnings per share. On average, research analysts anticipate that Greystone Housing Impact Investors will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Several hedge funds have recently bought and sold shares of the company. Royal Capital Wealth Management LLC boosted its holdings in shares of Greystone Housing Impact Investors by 7.1% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 24,827 shares of the company’s stock valued at $368,000 after purchasing an additional 1,644 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Greystone Housing Impact Investors in the second quarter valued at about $31,000. Cape Investment Advisory Inc. grew its position in Greystone Housing Impact Investors by 60.5% in the first quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock valued at $132,000 after acquiring an additional 3,056 shares during the last quarter. Cetera Advisors LLC acquired a new position in Greystone Housing Impact Investors during the first quarter worth about $338,000. Finally, Tucker Asset Management LLC bought a new position in shares of Greystone Housing Impact Investors in the fourth quarter worth about $80,000. 9.01% of the stock is owned by institutional investors.

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.