America First Multifamily Investors LP (NASDAQ:ATAX) CEO Chad L. Daffer bought 20,000 shares of America First Multifamily Investors stock in a transaction on Friday, August 17th. The stock was purchased at an average price of $5.64 per share, with a total value of $112,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 309,101 shares of the company’s stock, valued at approximately $1,743,329.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

America First Multifamily Investors stock traded down $0.20 during trading hours on Friday, reaching $5.70. The stock had a trading volume of 58,379 shares, compared to its average volume of 85,170. The company has a market capitalization of $383.88 million, a PE ratio of 12.73 and a beta of 0.35. The company has a debt-to-equity ratio of 2.19, a quick ratio of 4.68 and a current ratio of 4.68. America First Multifamily Investors LP has a 52 week low of $5.90 and a 52 week high of $6.50.

America First Multifamily Investors (NASDAQ:ATAX) last announced its earnings results on Monday, August 13th. The financial services provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). The firm had revenue of $15.79 million during the quarter, compared to the consensus estimate of $17.88 million. America First Multifamily Investors had a return on equity of 9.35% and a net margin of 34.37%. equities analysts predict that America First Multifamily Investors LP will post 0.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, June 29th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.50 dividend on an annualized basis and a yield of 8.77%. America First Multifamily Investors’s dividend payout ratio is presently 113.64%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new position in shares of America First Multifamily Investors during the first quarter valued at about $102,000. LPL Financial LLC acquired a new position in shares of America First Multifamily Investors during the fourth quarter valued at about $115,000. Bank of Montreal Can acquired a new position in shares of America First Multifamily Investors during the second quarter valued at about $143,000. Private Advisor Group LLC acquired a new position in shares of America First Multifamily Investors during the second quarter valued at about $147,000. Finally, Cavalier Investments LLC acquired a new position in shares of America First Multifamily Investors during the first quarter valued at about $223,000. Hedge funds and other institutional investors own 6.54% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded shares of America First Multifamily Investors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Oppenheimer reiterated a “hold” rating on shares of America First Multifamily Investors in a report on Monday. Finally, TheStreet upgraded shares of America First Multifamily Investors from a “c+” rating to a “b-” rating in a report on Tuesday, May 15th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.25.

America First Multifamily Investors Company Profile

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.

Further Reading: Fundamental Analysis

Insider Buying and Selling by Quarter for America First Multifamily Investors (NASDAQ:ATAX)

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