America First Multifamily Investors, L.P. (NASDAQ:ATAX) – Stock analysts at Oppenheimer Holdings lifted their Q3 2017 earnings per share estimates for shares of America First Multifamily Investors, L.P. in a research note issued on Monday. Oppenheimer Holdings analyst B. Chittenden now forecasts that the financial services provider will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. Oppenheimer Holdings has a “Buy” rating and a $6.00 price target on the stock. Oppenheimer Holdings also issued estimates for America First Multifamily Investors, L.P.’s Q4 2017 earnings at $0.06 EPS.

A number of other research firms have also recently commented on ATAX. Zacks Investment Research raised America First Multifamily Investors, L.P. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Wednesday. BidaskClub cut America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

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Shares of America First Multifamily Investors, L.P. (ATAX) opened at 6.05 on Thursday. The company’s 50 day moving average price is $6.01 and its 200-day moving average price is $5.79. The company has a market capitalization of $364.52 million, a price-to-earnings ratio of 15.47 and a beta of 0.43. America First Multifamily Investors, L.P. has a 1-year low of $5.10 and a 1-year high of $6.25.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%. The company had revenue of $16.23 million for the quarter, compared to analyst estimates of $16.76 million.

Large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its stake in America First Multifamily Investors, L.P. by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock worth $103,000 after buying an additional 208 shares in the last quarter. Girard Partners LTD. acquired a new stake in America First Multifamily Investors, L.P. during the second quarter worth approximately $351,000. Cambridge Investment Research Advisors Inc. boosted its stake in America First Multifamily Investors, L.P. by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock worth $397,000 after buying an additional 265 shares in the last quarter. Creative Planning boosted 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 in the last quarter. Finally, NEXT Financial Group Inc boosted 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 in the last quarter. 7.31% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.50 dividend on an annualized basis and a yield of 8.26%. America First Multifamily Investors, L.P.’s dividend payout ratio is presently 156.25%.

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.

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