America First Multifamily Investors LP (ATAX) Sees Unusually-High Trading Volume
Shares of America First Multifamily Investors LP (NASDAQ:ATAX) saw an uptick in trading volume on Monday . 151,315 shares changed hands during trading, an increase of 17% from the previous session’s volume of 129,295 shares.The stock last traded at $5.74 and had previously closed at $5.70.
A number of analysts have issued reports on the company. Oppenheimer Holdings Inc. set a $6.00 price objective on America First Multifamily Investors and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Finally, TheStreet raised America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th.
The stock has a market cap of $345.85 million and a price-to-earnings ratio of 15.90. The stock has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.33.
America First Multifamily Investors (NASDAQ:ATAX) last announced its earnings results on Friday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. On average, analysts expect that America First Multifamily Investors LP will post $0.30 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.71%.
In other news, CEO Chad L. Daffer bought 28,000 shares of America First Multifamily Investors stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of $5.65 per share, with a total value of $158,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 73,486 shares of the company’s stock, valued at $415,195.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through 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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