America First Multifamily Investors LP (ATAX) Sees Unusually-High Trading Volume
Shares of America First Multifamily Investors LP (NASDAQ:ATAX) saw unusually-high trading volume on Monday . Approximately 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.
ATAX has been the subject of a number of recent research reports. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of America First Multifamily Investors in a research note on Tuesday, May 10th. TheStreet raised shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research raised shares of America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.
The company’s 50 day moving average is $5.59 and its 200 day moving average is $5.34. The stock has a market capitalization of $344.34 million and a PE ratio of 15.831.
America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. On average, analysts forecast that America First Multifamily Investors LP will post $0.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were paid a $0.125 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.74%.
In related news, CEO Chad L. Daffer purchased 28,000 shares of America First Multifamily Investors stock in a transaction dated Thursday, August 11th. The shares were bought at an average cost of $5.65 per share, for a total transaction of $158,200.00. Following the purchase, the chief executive officer now owns 73,486 shares in the company, valued at approximately $415,195.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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