America First Multifamily Investors LP (ATAX) Sees Unusually-High Trading Volume
Shares of America First Multifamily Investors LP (NASDAQ:ATAX) saw unusually-strong trading volume on Friday . Approximately 190,914 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 144,249 shares.The stock last traded at $5.77 and had previously closed at $5.79.
A number of equities analysts have weighed in on ATAX shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of America First Multifamily Investors in a research note on Tuesday, May 10th. TheStreet raised shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research raised shares of America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.
The firm has a market capitalization of $346.45 million and a price-to-earnings ratio of 15.93. The firm has a 50 day moving average price of $5.64 and a 200-day moving average price of $5.38.
America First Multifamily Investors (NASDAQ:ATAX) last released its quarterly earnings results on Friday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. On average, analysts predict that America First Multifamily Investors LP will post $0.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Tuesday, June 28th.
In other America First Multifamily Investors news, CEO Chad L. Daffer purchased 28,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost 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 in the company, valued at $415,195.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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.
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