America First Multifamily Investors, L.P. (NASDAQ:ATAX) announced its quarterly earnings data on Monday. The financial services provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $16.24 million for the quarter, compared to the consensus estimate of $17.04 million. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%.

Shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX) opened at $6.15 on Tuesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 5.29 and a quick ratio of 5.29. The company has a market capitalization of $371.51, a PE ratio of 19.38 and a beta of 0.42.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 8.13%. America First Multifamily Investors, L.P.’s payout ratio is 156.25%.

A number of brokerages have recently commented on ATAX. Oppenheimer Holdings, Inc. cut America First Multifamily Investors, L.P. from an “outperform” rating to a “market perform” rating in a research note on Friday, September 1st. UBS AG cut America First Multifamily Investors, L.P. to a “market perform” rating in a research note on Friday, September 1st. TheStreet cut America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a research note on Friday, August 25th. Zacks Investment Research cut America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, BidaskClub cut America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $6.38.

In other news, CEO Chad L. Daffer purchased 20,000 shares of America First Multifamily Investors, L.P. stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $6.17 per share, with a total value of $123,400.00. Following the transaction, the chief executive officer now directly owns 232,168 shares in the company, valued at approximately $1,432,476.56. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have acquired 24,019 shares of company stock valued at $148,719. Insiders own 1.30% of the company’s stock.

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America First Multifamily Investors, L.P. 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.

Earnings History for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

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