America First Multifamily Investors LP (ATAX) Sees Strong Trading Volume
America First Multifamily Investors LP (NASDAQ:ATAX) saw unusually-high trading volume on Friday . Approximately 190,914 shares were traded during 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.
ATAX has been the subject of several recent analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of America First Multifamily Investors in a research report on Tuesday, May 10th. Zacks Investment Research lowered America First Multifamily Investors from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Finally, TheStreet raised America First Multifamily Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th.
The company has a market capitalization of $346.45 million and a PE ratio of 15.93. The stock has a 50-day moving average of $5.64 and a 200-day moving average of $5.38.
America First Multifamily Investors (NASDAQ:ATAX) last released its earnings results on Friday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.07. On average, equities research analysts expect that America First Multifamily Investors LP will post $0.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend was Tuesday, June 28th.
In other America First Multifamily Investors news, CEO Chad L. Daffer acquired 28,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were bought at an average price of $5.65 per share, with a total value of $158,200.00. Following the transaction, the chief executive officer now directly owns 73,486 shares of the company’s stock, valued at approximately $415,195.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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