America First Multifamily Investors LP (ATAX) Sets New 1-Year High at $5.79
America First Multifamily Investors LP (NASDAQ:ATAX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $5.79 and last traded at $5.77, with a volume of 144,681 shares trading hands. The stock had previously closed at $5.74.
Several research firms recently issued reports on ATAX. TheStreet upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Oppenheimer Holdings Inc. set a $6.00 price objective on America First Multifamily Investors and gave the company a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a report on Monday, July 11th.
The company has a market cap of $348.56 million and a P/E ratio of 16.025. The firm has a 50 day moving average of $5.63 and a 200 day moving average of $5.37.
America First Multifamily Investors (NASDAQ:ATAX) last released its quarterly earnings results on Friday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. Analysts expect that America First Multifamily Investors LP will post $0.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.71%. The ex-dividend date of this dividend was Tuesday, June 28th.
In related news, CEO Chad L. Daffer purchased 28,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $5.65 per share, with a total value of $158,200.00. Following the completion of the transaction, the chief executive officer now owns 73,486 shares of the company’s stock, valued at approximately $415,195.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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.