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.
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.
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.
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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