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

ATAX has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. reissued 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’s 50 day moving average price is $5.68 and its 200-day moving average price is $5.41. The company has a market capitalization of $356.69 million and a price-to-earnings ratio of 16.40.

America First Multifamily Investors (NASDAQ:ATAX) last released its earnings results on Friday, August 5th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.07. On average, equities research analysts anticipate that America First Multifamily Investors LP will post $0.48 earnings per share for the current fiscal year.

In related news, CEO Chad L. Daffer bought 28,000 shares of the company’s stock in a transaction 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 acquisition, the chief executive officer now owns 73,486 shares of the company’s stock, valued at approximately $415,195.90. The purchase was disclosed in a document filed with the SEC, which can be accessed 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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