America First Multifamily Investors (NASDAQ:ATAX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “America First Tax Exempt Investors, L.P. is a consistently performing fund with a portfolio of federally tax-exempt mortgage revenue bonds; interest on these bonds is excludable from gross income for federal tax purposes. As a result, most of the income earned by the Partnership is exempt from federal income taxes. “

Other equities research analysts have also issued reports about the company. TheStreet upgraded America First Multifamily Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, May 15th. BidaskClub upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of America First Multifamily Investors in a research note on Wednesday, May 9th. Four analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $6.63.

NASDAQ:ATAX opened at $6.42 on Tuesday. America First Multifamily Investors has a 12 month low of $5.85 and a 12 month high of $6.50. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 2.21. The company has a market cap of $389.41 million, a price-to-earnings ratio of 15.00 and a beta of 0.35.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings data on Monday, May 7th. The financial services provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. America First Multifamily Investors had a return on equity of 9.48% and a net margin of 35.12%. The company had revenue of $16.46 million during the quarter, compared to analyst estimates of $15.19 million. equities research analysts forecast that America First Multifamily Investors will post 0.39 earnings per share for the current year.

In other news, Director Michael B. Yanney sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $6.39, for a total value of $127,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH purchased a new stake in shares of America First Multifamily Investors in the first quarter valued at approximately $102,000. LPL Financial LLC grew its position in shares of America First Multifamily Investors by 347.6% in the first quarter. LPL Financial LLC now owns 85,040 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 66,040 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of America First Multifamily Investors by 11.0% in the first quarter. First Allied Advisory Services Inc. now owns 221,630 shares of the financial services provider’s stock valued at $1,366,000 after purchasing an additional 21,904 shares in the last quarter. Cavalier Investments LLC purchased a new stake in shares of America First Multifamily Investors in the first quarter valued at approximately $223,000. Finally, Deutsche Bank AG grew its position in shares of America First Multifamily Investors by 7.6% in the fourth quarter. Deutsche Bank AG now owns 419,351 shares of the financial services provider’s stock valued at $2,537,000 after purchasing an additional 29,551 shares in the last quarter. Institutional investors and hedge funds own 6.51% of the company’s stock.

America First Multifamily Investors Company Profile

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

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