America First Multifamily Investors LP (NASDAQ:ATAX) announced a quarterly dividend on Thursday, June 14th, Wall Street Journal reports. Shareholders of record on Friday, June 29th will be given a dividend of 0.125 per share by the financial services provider on Tuesday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 7.81%. The ex-dividend date is Thursday, June 28th.

Shares of ATAX traded up $0.02 during midday trading on Thursday, hitting $6.40. The stock had a trading volume of 119,718 shares, compared to its average volume of 83,290. America First Multifamily Investors has a twelve month low of $5.85 and a twelve month high of $6.50. The company has a market capitalization of $386.39 million, a price-to-earnings ratio of 14.55 and a beta of 0.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 4.85 and a quick ratio of 4.85.

America First Multifamily Investors (NASDAQ:ATAX) last announced its quarterly earnings data on Monday, May 7th. The financial services provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $16.46 million during the quarter, compared to analysts’ expectations of $15.19 million. America First Multifamily Investors had a return on equity of 9.48% and a net margin of 35.12%. sell-side analysts anticipate that America First Multifamily Investors will post 0.39 earnings per share for the current fiscal year.

America First Multifamily Investors declared that its Board of Directors has authorized a stock buyback plan on Friday, March 2nd that authorizes the company to repurchase 270,000 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Michael B. Yanney sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $6.39, for a total value of $127,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on ATAX shares. TheStreet upgraded America First Multifamily Investors from a “c+” rating to a “b-” rating in a report on Tuesday, May 15th. BidaskClub upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. Zacks Investment Research upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Wednesday, March 7th. Finally, Oppenheimer restated a “hold” rating on shares of America First Multifamily Investors in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.63.

About America First Multifamily Investors

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

Dividend History for America First Multifamily Investors (NASDAQ:ATAX)

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