BidaskClub cut shares of America First Multifamily Investors (NASDAQ:ATAX) from a buy rating to a hold rating in a research report released on Thursday.

Several other analysts also recently weighed in on ATAX. TheStreet upgraded America First Multifamily Investors from a c+ rating to a b- rating in a research report on Tuesday, February 5th. ValuEngine upgraded America First Multifamily Investors from a sell rating to a hold rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. America First Multifamily Investors currently has a consensus rating of Hold and a consensus target price of $7.25.

NASDAQ ATAX opened at $6.68 on Thursday. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.87. The firm has a market cap of $403.65 million, a price-to-earnings ratio of 11.15 and a beta of 0.33. America First Multifamily Investors has a 52 week low of $5.17 and a 52 week high of $6.89.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings data on Thursday, February 28th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.06 by $0.16. America First Multifamily Investors had a net margin of 49.69% and a return on equity of 13.85%.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.50 annualized dividend and a dividend yield of 7.49%.

Several large investors have recently added to or reduced their stakes in ATAX. US Bancorp DE lifted its position in shares of America First Multifamily Investors by 2,267.4% during the third quarter. US Bancorp DE now owns 47,347 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 45,347 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of America First Multifamily Investors by 77.4% during the fourth quarter. Geode Capital Management LLC now owns 69,438 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 30,297 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of America First Multifamily Investors by 12.8% during the third quarter. Renaissance Technologies LLC now owns 213,669 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 24,227 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of America First Multifamily Investors by 30.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 89,426 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 20,790 shares in the last quarter. Finally, NEXT Financial Group Inc raised its holdings in shares of America First Multifamily Investors by 38.0% in the fourth quarter. NEXT Financial Group Inc now owns 61,843 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 17,032 shares in the last quarter. Institutional investors and hedge funds own 6.99% of the company’s stock.

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.

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