Shares of America First Multifamily Investors LP (NASDAQ:ATAX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $5.90 and last traded at $5.87, with a volume of 109,809 shares. The stock had previously closed at $5.88.

Several brokerages recently commented on ATAX. Zacks Investment Research raised America First Multifamily Investors from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Oppenheimer Holdings Inc. set a $6.00 price objective on America First Multifamily Investors and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, TheStreet raised America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th.

The company has a market capitalization of $353.68 million and a price-to-earnings ratio of 16.26. The stock’s 50 day moving average is $5.66 and its 200-day moving average is $5.40.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. On average, equities research analysts expect that America First Multifamily Investors LP will post $0.48 EPS for the current fiscal year.

In other news, CEO Chad L. Daffer bought 28,000 shares of America First Multifamily Investors stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average price of $5.65 per share, for a total transaction of $158,200.00. Following the purchase, the chief executive officer now directly owns 73,486 shares of the company’s stock, valued at approximately $415,195.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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