America First Multifamily Investors LP (NASDAQ:ATAX) Director Patrick J. Jung acquired 2,500 shares of America First Multifamily Investors stock in a transaction dated Monday, September 19th. The stock was purchased at an average price of $5.97 per share, with a total value of $14,925.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

America First Multifamily Investors LP (NASDAQ:ATAX) opened at 6.05 on Thursday. America First Multifamily Investors LP has a 1-year low of $4.27 and a 1-year high of $6.11. The firm has a market capitalization of $364.52 million, a PE ratio of 16.76 and a beta of 0.53. The company’s 50-day moving average is $5.83 and its 200 day moving average is $5.51.

America First Multifamily Investors (NASDAQ:ATAX) last announced its earnings results on Friday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. America First Multifamily Investors had a net margin of 46.56% and a return on equity of 8.12%. On average, equities analysts expect that America First Multifamily Investors LP will post $0.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.50 annualized dividend and a yield of 8.26%. America First Multifamily Investors’s dividend payout ratio (DPR) is currently 135.14%.

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Oppenheimer Holdings Inc. set a $6.00 price objective on shares of America First Multifamily Investors and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded shares of America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.

A number of hedge funds have recently made changes to their positions in ATAX. First Allied Advisory Services Inc. increased its stake in shares of America First Multifamily Investors by 13.9% in the second quarter. First Allied Advisory Services Inc. now owns 156,837 shares of the company’s stock valued at $860,000 after buying an additional 19,172 shares during the period. Citigroup Inc. boosted its position in shares of America First Multifamily Investors by 0.4% in the second quarter. Citigroup Inc. now owns 32,636 shares of the company’s stock valued at $179,000 after buying an additional 123 shares in the last quarter. TFS Capital LLC acquired a new position in shares of America First Multifamily Investors during the second quarter valued at $102,000. Janney Montgomery Scott LLC boosted its position in shares of America First Multifamily Investors by 75.0% in the second quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock valued at $106,000 after buying an additional 9,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of America First Multifamily Investors by 135.9% in the second quarter. JPMorgan Chase & Co. now owns 71,022 shares of the company’s stock valued at $390,000 after buying an additional 40,921 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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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