America First Multifamily Investors’ (ATAX) “Buy” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their buy rating on shares of America First Multifamily Investors (NASDAQ:ATAXGet Rating) in a research report released on Thursday, Marketbeat reports. The brokerage currently has a $21.00 price target on the financial services provider’s stock.

ATAX has been the subject of a number of other research reports. StockNews.com began coverage on shares of America First Multifamily Investors in a research report on Thursday, March 31st. They issued a hold rating for the company. Zacks Investment Research downgraded shares of America First Multifamily Investors from a strong-buy rating to a hold rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, America First Multifamily Investors presently has a consensus rating of Buy and a consensus price target of $21.17.

Shares of ATAX stock traded down $0.08 during trading hours on Thursday, hitting $17.44. 14,438 shares of the company were exchanged, compared to its average volume of 44,545. The business has a 50 day moving average of $17.75 and a two-hundred day moving average of $18.95. The company has a current ratio of 24.97, a quick ratio of 24.97 and a debt-to-equity ratio of 2.76. America First Multifamily Investors has a 52 week low of $16.53 and a 52 week high of $21.33. The company has a market capitalization of $384.03 million, a PE ratio of 7.52 and a beta of 0.60.

America First Multifamily Investors (NASDAQ:ATAXGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.72. America First Multifamily Investors had a net margin of 78.27% and a return on equity of 15.99%. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, research analysts forecast that America First Multifamily Investors will post 1.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, March 30th. America First Multifamily Investors’s dividend payout ratio is currently 56.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of ATAX. PNC Financial Services Group Inc. lifted its stake in shares of America First Multifamily Investors by 10,110.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 102,100 shares of the financial services provider’s stock worth $618,000 after buying an additional 101,100 shares during the last quarter. Royal Capital Wealth Management LLC acquired a new stake in shares of America First Multifamily Investors during the 4th quarter worth about $422,000. Raymond James & Associates lifted its stake in shares of America First Multifamily Investors by 11.2% during the 4th quarter. Raymond James & Associates now owns 572,705 shares of the financial services provider’s stock worth $3,682,000 after buying an additional 57,732 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of America First Multifamily Investors by 68.3% during the 3rd quarter. Royal Bank of Canada now owns 135,965 shares of the financial services provider’s stock worth $811,000 after buying an additional 55,165 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of America First Multifamily Investors by 56.7% during the 3rd quarter. Cetera Investment Advisers now owns 145,217 shares of the financial services provider’s stock worth $865,000 after buying an additional 52,555 shares during the last quarter. Institutional investors own 33.31% of the company’s stock.

America First Multifamily Investors Company Profile (Get Rating)

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 and/or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through five segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts.

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