America First Multifamily Investors LP (ATAX) Given Consensus Recommendation of “Hold” by Brokerages

America First Multifamily Investors LP (NASDAQ:ATAX) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given America First Multifamily Investors an industry rank of 68 out of 265 based on the ratings given to related companies.

ATAX has been the topic of several analyst reports. BidaskClub lowered shares of America First Multifamily Investors from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Friday, November 10th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in America First Multifamily Investors during the 3rd quarter worth about $113,000. Investment Centers of America Inc. bought a new stake in America First Multifamily Investors during the 3rd quarter worth about $103,000. Wells Fargo & Company MN grew its holdings in America First Multifamily Investors by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 202,431 shares of the financial services provider’s stock worth $1,205,000 after acquiring an additional 8,201 shares during the last quarter. Royal Bank of Canada grew its holdings in America First Multifamily Investors by 1.6% during the 2nd quarter. Royal Bank of Canada now owns 319,303 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in America First Multifamily Investors by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 265 shares during the last quarter. 6.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of America First Multifamily Investors (ATAX) traded up $0.10 during trading on Thursday, hitting $6.10. 220,200 shares of the stock were exchanged, compared to its average volume of 121,700. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.65 and a quick ratio of 4.65. America First Multifamily Investors has a twelve month low of $5.35 and a twelve month high of $6.25. The firm has a market capitalization of $358.87, a PE ratio of 20.33 and a beta of 0.43.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). America First Multifamily Investors had a return on equity of 6.69% and a net margin of 30.73%. The firm had revenue of $16.24 million during the quarter, compared to analyst estimates of $17.04 million. equities research analysts anticipate that America First Multifamily Investors will post 0.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend is Thursday, December 28th. America First Multifamily Investors’s payout ratio is 166.67%.

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America First Multifamily Investors 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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