America First Multifamily Investors (NASDAQ:ATAX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research downgraded America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.38.

Shares of America First Multifamily Investors (NASDAQ:ATAX) opened at $6.15 on Thursday. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 2.18. America First Multifamily Investors has a twelve month low of $5.35 and a twelve month high of $6.25. The stock has a market capitalization of $369.34, a P/E ratio of 20.58 and a beta of 0.43.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). America First Multifamily Investors had a return on equity of 6.69% and a net margin of 30.73%. The business had revenue of $16.24 million for the quarter, compared to analysts’ expectations of $17.04 million. equities analysts anticipate that America First Multifamily Investors will post 0.28 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ATAX. Cambridge Investment Research Advisors Inc. increased its holdings in America First Multifamily Investors by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 265 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of America First Multifamily Investors by 1.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 208 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of America First Multifamily Investors by 4.2% in the 2nd quarter. Wells Fargo & Company MN now owns 202,431 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 8,201 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of America First Multifamily Investors by 1.6% in the 2nd quarter. Royal Bank of Canada now owns 319,303 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of America First Multifamily Investors in the 3rd quarter valued at approximately $113,000. Institutional investors own 6.66% of the company’s stock.

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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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