Shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX) hit a new 52-week high on Tuesday . The stock traded as high as $6.18 and last traded at $6.18, with a volume of 125,191 shares changing hands. The stock had previously closed at $6.10.
Several analysts have weighed in on the company. Oppenheimer Holdings, Inc. set a $6.00 target price on America First Multifamily Investors, L.P. and gave the company a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded America First Multifamily Investors, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub downgraded America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.
The company has a market capitalization of $364.52 million, a P/E ratio of 15.47 and a beta of 0.43.
America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its quarterly earnings results on Friday, May 5th. The financial services provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. The business had revenue of $16 million for the quarter, compared to analyst estimates of $16.36 million. America First Multifamily Investors, L.P. had a return on equity of 8.61% and a net margin of 47.50%. Equities research analysts forecast that America First Multifamily Investors, L.P. will post $0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.50 dividend on an annualized basis and a yield of 8.26%. America First Multifamily Investors, L.P.’s dividend payout ratio (DPR) is presently 121.95%.
A number of large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in America First Multifamily Investors, L.P. during the first quarter worth approximately $115,000. NEXT Financial Group Inc raised its stake in America First Multifamily Investors, L.P. by 618.7% in the second quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after buying an additional 38,905 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in America First Multifamily Investors, L.P. by 21.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,385 shares of the financial services provider’s stock worth $372,000 after buying an additional 11,909 shares during the period. Creative Planning raised its stake in America First Multifamily Investors, L.P. by 7.5% in the second quarter. Creative Planning now owns 121,950 shares of the financial services provider’s stock worth $726,000 after buying an additional 8,471 shares during the period. Finally, Wells Fargo & Company MN raised its stake in America First Multifamily Investors, L.P. by 12.3% in the first quarter. Wells Fargo & Company MN now owns 194,230 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 21,199 shares during the period. Institutional investors and hedge funds own 7.35% of the company’s stock.
America First Multifamily Investors, L.P. Company Profile
America First Multifamily Investors, L.P. is engaged in acquiring, holding, selling and dealing with a portfolio of mortgage revenue bonds, which have been issued to provide construction and/or permanent financing for multifamily and student housing (collectively Residential Properties) and commercial properties.
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