America First Multifamily Investors (NASDAQ:ATAX) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms have also issued reports on ATAX. Zacks Investment Research lowered America First Multifamily Investors from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub lowered America First Multifamily Investors from a “buy” rating to a “hold” rating in a report on Friday, May 11th. Oppenheimer reissued a “hold” rating on shares of America First Multifamily Investors in a report on Wednesday, May 9th. Finally, TheStreet raised America First Multifamily Investors from a “c+” rating to a “b-” rating in a report on Tuesday, May 15th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and a consensus target price of $7.25.

NASDAQ ATAX opened at $5.65 on Friday. 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 has a 52-week low of $5.25 and a 52-week high of $6.50. The stock has a market cap of $383.88 million, a P/E ratio of 12.84 and a beta of 0.35.

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

In other America First Multifamily Investors news, CEO Chad L. Daffer acquired 20,000 shares of the stock in a transaction on Friday, August 17th. The shares were bought at an average price of $5.64 per share, with a total value of $112,800.00. Following the acquisition, the chief executive officer now owns 309,101 shares of the company’s stock, valued at $1,743,329.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 23,936 shares of company stock worth $135,488 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH purchased a new stake in America First Multifamily Investors in the 1st quarter valued at approximately $102,000. LPL Financial LLC purchased a new stake in America First Multifamily Investors in the 4th quarter valued at approximately $115,000. Bank of Montreal Can purchased a new stake in America First Multifamily Investors in the 2nd quarter valued at approximately $143,000. Private Advisor Group LLC purchased a new stake in America First Multifamily Investors in the 2nd quarter valued at approximately $147,000. Finally, Cavalier Investments LLC purchased a new stake in America First Multifamily Investors in the 1st quarter valued at approximately $223,000. 6.54% of the stock is currently owned by institutional investors.

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.

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