Analysts Expect America First Multifamily Investors LP (ATAX) to Announce $0.09 Earnings Per Share
America First Multifamily Investors LP (NASDAQ:ATAX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price target of $6.00 for the company and are anticipating that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given America First Multifamily Investors an industry rank of 107 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on ATAX. TheStreet raised America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Oppenheimer Holdings Inc. set a $6.00 price target on America First Multifamily Investors and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.
In other America First Multifamily Investors news, CEO Chad L. Daffer bought 28,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of $5.65 per share, for a total transaction of $158,200.00. Following the completion of the purchase, 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 filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ATAX. TFS Capital LLC acquired a new position in America First Multifamily Investors during the second quarter valued at approximately $102,000. Janney Montgomery Scott LLC increased its stake in America First Multifamily Investors by 75.0% in the second quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock worth $106,000 after buying an additional 9,000 shares during the period. Creative Planning increased its stake in America First Multifamily Investors by 434.0% in the second quarter. Creative Planning now owns 22,964 shares of the company’s stock worth $126,000 after buying an additional 18,664 shares during the period. Geode Capital Management LLC increased its stake in America First Multifamily Investors by 3.9% in the first quarter. Geode Capital Management LLC now owns 27,252 shares of the company’s stock worth $143,000 after buying an additional 1,024 shares during the period. Finally, Citigroup Inc. increased its stake in America First Multifamily Investors by 0.4% in the second quarter. Citigroup Inc. now owns 32,636 shares of the company’s stock worth $179,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.
America First Multifamily Investors (NASDAQ:ATAX) last released its quarterly earnings results on Friday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. America First Multifamily Investors had a return on equity of 8.12% and a net margin of 46.56%.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a yield of 8.62%. America First Multifamily Investors’s payout ratio is currently 135.14%.
America First Multifamily Investors Company Profile
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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