America First Multifamily Investors LP (ATAX) Sets New 52-Week High at $5.79
Shares of America First Multifamily Investors LP (NASDAQ:ATAX) reached a new 52-week high on Thursday . The company 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.
A number of research firms have recently weighed in on ATAX. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of America First Multifamily Investors in a research note on Tuesday, May 10th. TheStreet upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research downgraded America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Thursday, May 12th.
The company’s 50-day moving average price is $5.64 and its 200 day moving average price is $5.38. The firm has a market capitalization of $346.45 million and a P/E ratio of 15.93.
America First Multifamily Investors (NASDAQ:ATAX) last issued its earnings results on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Analysts expect that America First Multifamily Investors LP will post $0.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Tuesday, June 28th.
In other news, CEO Chad L. Daffer acquired 28,000 shares of America First Multifamily Investors stock in a transaction on Thursday, August 11th. The shares were acquired at an average price of $5.65 per share, with a total value of $158,200.00. Following the purchase, the chief executive officer now directly owns 73,486 shares in the company, valued at approximately $415,195.90. The transaction was disclosed in a legal filing with the SEC, 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.
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