Zacks: America First Multifamily Investors LP (ATAX) Receives Consensus Recommendation of “Hold” from Brokerages

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

Zacks has also assigned America First Multifamily Investors an industry rank of 194 out of 265 based on the ratings given to its competitors.

How to Become a New Pot Stock Millionaire

ATAX has been the subject of a number of research reports. BidaskClub cut America First Multifamily Investors from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Oppenheimer reiterated a “hold” rating on shares of America First Multifamily Investors in a report on Friday, March 2nd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in America First Multifamily Investors by 7.6% in the 4th quarter. Deutsche Bank AG now owns 419,351 shares of the financial services provider’s stock worth $2,537,000 after acquiring an additional 29,551 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in America First Multifamily Investors by 3.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 300,288 shares of the financial services provider’s stock worth $1,817,000 after acquiring an additional 9,797 shares during the period. Renaissance Technologies LLC boosted its holdings in America First Multifamily Investors by 6.8% in the 4th quarter. Renaissance Technologies LLC now owns 235,312 shares of the financial services provider’s stock worth $1,424,000 after acquiring an additional 15,019 shares during the period. California Public Employees Retirement System purchased a new position in America First Multifamily Investors in the 4th quarter worth approximately $349,000. Finally, LPL Financial LLC acquired a new position in shares of America First Multifamily Investors in the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 6.66% of the company’s stock.

Shares of NASDAQ:ATAX traded down $0.03 during trading on Friday, reaching $6.18. 45,969 shares of the stock were exchanged, compared to its average volume of 75,254. The company has a debt-to-equity ratio of 2.05, a quick ratio of 4.25 and a current ratio of 4.25. America First Multifamily Investors has a 12-month low of $5.55 and a 12-month high of $6.40. The stock has a market capitalization of $374.32, a P/E ratio of 14.03 and a beta of 0.35.

America First Multifamily Investors (NASDAQ:ATAX) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.17. America First Multifamily Investors had a return on equity of 10.06% and a net margin of 37.79%. The business had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $17.47 million. analysts predict that America First Multifamily Investors will post 0.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend is Wednesday, March 28th. America First Multifamily Investors’s dividend payout ratio is presently 113.64%.

America First Multifamily Investors declared that its board has authorized a share buyback program on Friday, March 2nd that authorizes the company to repurchase 270,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Zacks: America First Multifamily Investors LP (ATAX) Receives Consensus Recommendation of “Hold” from Brokerages” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3339137/zacks-america-first-multifamily-investors-lp-atax-receives-consensus-recommendation-of-hold-from-brokerages.html.

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.

Get a free copy of the Zacks research report on America First Multifamily Investors (ATAX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for America First Multifamily Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America First Multifamily Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial  Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial Stock Price
SAGE Therapeutics  Receives Media Impact Score of 0.08
SAGE Therapeutics Receives Media Impact Score of 0.08
First Citizens BancShares  Given Daily Media Sentiment Rating of 0.22
First Citizens BancShares Given Daily Media Sentiment Rating of 0.22
International Game Technology  Receiving Somewhat Favorable Press Coverage, Accern Reports
International Game Technology Receiving Somewhat Favorable Press Coverage, Accern Reports
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
FuturXe  Price Tops $0.0093 on Exchanges
FuturXe Price Tops $0.0093 on Exchanges


© 2006-2018 Ticker Report. Google+.