America First Multifamily Investors (ATAX) Getting Somewhat Positive News Coverage, Analysis Finds

News headlines about America First Multifamily Investors (NASDAQ:ATAX) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. America First Multifamily Investors earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.0725022377845 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of America First Multifamily Investors stock opened at $6.18 on Friday. The firm has a market capitalization of $372.81, a price-to-earnings ratio of 14.03 and a beta of 0.35. 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 52 week low of $5.55 and a 52 week high of $6.40.

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America First Multifamily Investors (NASDAQ:ATAX) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.17. The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $17.47 million. America First Multifamily Investors had a return on equity of 10.06% and a net margin of 37.79%. equities analysts expect that America First Multifamily Investors will post 0.33 EPS for the current fiscal year.

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

America First Multifamily Investors declared that its Board of Directors has approved a stock buyback plan on Friday, March 2nd that allows the company to repurchase 270,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded America First Multifamily Investors from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised America First Multifamily Investors from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, March 7th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of America First Multifamily Investors in a research report on Friday, March 2nd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. America First Multifamily Investors currently has a consensus rating of “Hold” and a consensus price target of $6.50.

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About America First Multifamily Investors

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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