America First Multifamily Investors, L.P. (NASDAQ:ATAX) – Equities researchers at Oppenheimer Holdings lowered their FY2018 earnings per share (EPS) estimates for America First Multifamily Investors, L.P. in a research report issued on Tuesday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the financial services provider will post earnings per share of $0.25 for the year, down from their prior forecast of $0.27. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.

Several other equities research analysts have also issued reports on the stock. UBS AG lowered shares of America First Multifamily Investors, L.P. to a “market perform” rating in a report on Friday, September 1st. TheStreet lowered shares of America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. America First Multifamily Investors, L.P. currently has a consensus rating of “Hold” and a consensus target price of $6.38.

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America First Multifamily Investors, L.P. (ATAX) remained flat at $$6.05 during trading on Friday. The stock had a trading volume of 100,200 shares, compared to its average volume of 104,393. The stock has a market cap of $362.52, a P/E ratio of 20.17 and a beta of 0.42. The company has a debt-to-equity ratio of 2.18, a quick ratio of 5.29 and a current ratio of 4.65. America First Multifamily Investors, L.P. has a 1 year low of $5.10 and a 1 year high of $6.25.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its earnings results on Monday, November 6th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $16.24 million during the quarter, compared to the consensus estimate of $17.04 million. America First Multifamily Investors, L.P. had a return on equity of 6.69% and a net margin of 30.73%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its position in America First Multifamily Investors, L.P. by 1.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 208 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in America First Multifamily Investors, L.P. by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 265 shares during the period. Royal Bank of Canada increased its position in America First Multifamily Investors, L.P. by 1.6% during 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 purchasing an additional 5,000 shares during the period. Wells Fargo & Company MN increased its position in America First Multifamily Investors, L.P. by 4.2% during 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 purchasing an additional 8,201 shares during the period. Finally, Creative Planning increased its position in America First Multifamily Investors, L.P. by 7.5% during the 2nd quarter. Creative Planning now owns 121,950 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 8,471 shares during the period. 6.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Chad L. Daffer acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $6.17 per share, for a total transaction of $123,400.00. Following the acquisition, the chief executive officer now directly owns 232,168 shares of the company’s stock, valued at approximately $1,432,476.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 24,019 shares of company stock valued at $148,719 in the last quarter. 1.30% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued 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 8.26%. America First Multifamily Investors, L.P.’s payout ratio is 166.67%.

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.

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