America First Multifamily Investors LP (ATAX) Sees Large Volume Increase
America First Multifamily Investors LP (NASDAQ:ATAX) shares saw unusually-high trading volume on Friday . Approximately 162,979 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 168,732 shares.The stock last traded at $5.97 and had previously closed at $5.92.
Several brokerages have recently commented on ATAX. Zacks Investment Research upgraded shares of America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Oppenheimer Holdings Inc. set a $6.00 price target on shares of America First Multifamily Investors and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Finally, TheStreet upgraded shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th.
The company has a 50-day moving average of $5.68 and a 200 day moving average of $5.41. The firm has a market cap of $360.92 million and a P/E ratio of 16.5931.
America First Multifamily Investors (NASDAQ:ATAX) last issued its earnings results on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Equities research analysts forecast that America First Multifamily Investors LP will post $0.48 earnings per share for the current year.
In other news, CEO Chad L. Daffer acquired 28,000 shares of America First Multifamily Investors stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average price of $5.65 per share, with a total value of $158,200.00. Following the purchase, the chief executive officer now directly owns 73,486 shares of the company’s stock, valued at $415,195.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available 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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