Trade Report: The Analysts Anticipate America First Multifamily Investors LP (NASDAQ:ATAX) to Announce $0.09 Earnings Per Share

The Analysts Anticipate America First Multifamily Investors LP (NASDAQ:ATAX) to Announce $0.09 Earnings Per Share

America First Multifamily Investors LP (NASDAQ:ATAX) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $6.00 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given America First Multifamily Investors an industry rank of 107 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports 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 company 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.

Shares of America First Multifamily Investors (NASDAQ:ATAX) opened at 5.75 on Thursday. The stock has a market capitalization of $346.45 million, a price-to-earnings ratio of 15.93 and a beta of 0.53. The firm’s 50-day moving average is $5.92 and its 200-day moving average is $5.57. America First Multifamily Investors has a 52 week low of $4.27 and a 52 week high of $6.11.

America First Multifamily Investors (NASDAQ:ATAX) last released its quarterly earnings data on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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%. Analysts forecast that America First Multifamily Investors will post $0.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a yield of 8.70%. America First Multifamily Investors’s dividend payout ratio (DPR) is 135.14%.

In other news, CEO Chad L. Daffer bought 28,000 shares of the stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $5.65 per share, for a total transaction of $158,200.00. Following the completion of the purchase, the chief executive officer now directly owns 73,486 shares in the company, valued at $415,195.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in ATAX. UBS Group AG increased its stake in shares of America First Multifamily Investors by 21.0% in the first quarter. UBS Group AG now owns 435,657 shares of the company’s stock valued at $2,287,000 after buying an additional 75,482 shares during the period. 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. JPMorgan Chase & Co. increased its stake 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 during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of America First Multifamily Investors by 2.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,957 shares of the company’s stock valued at $345,000 after buying an additional 1,277 shares during the period. Finally, Cutler Group LP increased its stake in shares of America First Multifamily Investors by 5.3% in the first quarter. Cutler Group LP now owns 41,413 shares of the company’s stock valued at $217,000 after buying an additional 2,100 shares during the period. 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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