America First Multifamily Investors, L.P. (NASDAQ:ATAX) posted its quarterly earnings data on Monday. The financial services provider reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02, Bloomberg Earnings reports. America First Multifamily Investors, L.P. had a net margin of 47.50% and a return on equity of 8.61%. The business had revenue of $16.23 million during the quarter, compared to analyst estimates of $16.76 million.

America First Multifamily Investors, L.P. (NASDAQ ATAX) traded down 0.5508% on Tuesday, hitting $6.0664. 58,498 shares of the stock traded hands. America First Multifamily Investors, L.P. has a 12-month low of $5.10 and a 12-month high of $6.25. The firm has a market cap of $365.51 million, a PE ratio of 15.5151 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend was Wednesday, June 28th. America First Multifamily Investors, L.P.’s payout ratio is 121.95%.

A number of hedge funds have recently bought and sold shares of ATAX. Private Advisor Group LLC acquired a new stake in America First Multifamily Investors, L.P. during the first quarter worth about $115,000. NEXT Financial Group Inc increased its stake in America First Multifamily Investors, L.P. by 618.7% in the second quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after buying an additional 38,905 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in America First Multifamily Investors, L.P. by 21.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,385 shares of the financial services provider’s stock worth $372,000 after buying an additional 11,909 shares during the period. Creative Planning increased its stake in America First Multifamily Investors, L.P. by 7.5% in the second quarter. Creative Planning now owns 121,950 shares of the financial services provider’s stock worth $726,000 after buying an additional 8,471 shares during the period. Finally, Wells Fargo & Company MN increased its stake in America First Multifamily Investors, L.P. by 12.3% in the first quarter. Wells Fargo & Company MN now owns 194,230 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 21,199 shares during the period. 7.31% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/08/08/america-first-multifamily-investors-l-p-nasdaqatax-posts-quarterly-earnings-results-beats-estimates-by-0-02-eps.html.

Several research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. set a $6.00 price objective on shares of America First Multifamily Investors, L.P. and gave the company a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research lowered shares of America First Multifamily Investors, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub lowered shares of America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

America First Multifamily Investors, L.P. 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.

Earnings History for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

Receive News & Ratings for America First Multifamily Investors L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America First Multifamily Investors L.P. and related companies with MarketBeat.com's FREE daily email newsletter.