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.
ATAX has been the subject of a number of research analyst reports. Zacks Investment Research raised America First Multifamily Investors from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Oppenheimer Holdings Inc. set a $6.00 price target on America First Multifamily Investors and gave the company a “buy” rating in a report on Wednesday, August 10th. Finally, TheStreet raised America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th.
The firm has a market capitalization of $360.92 million and a PE ratio of 16.5931. The stock’s 50-day moving average price is $5.69 and its 200 day moving average price is $5.41.
America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. On average, analysts anticipate that America First Multifamily Investors LP will post $0.48 EPS for the current fiscal year.
In other America First Multifamily Investors news, CEO Chad L. Daffer purchased 28,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of $5.65 per share, with a total value of $158,200.00. Following the purchase, the chief executive officer now owns 73,486 shares in the company, valued at $415,195.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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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