America First Multifamily Investors (NASDAQ:ATAX) Announces Earnings Results

America First Multifamily Investors (NASDAQ:ATAXGet Rating) posted its quarterly earnings data on Thursday. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07), Fidelity Earnings reports. America First Multifamily Investors had a return on equity of 17.82% and a net margin of 87.31%. During the same period last year, the business posted $0.39 earnings per share.

America First Multifamily Investors Price Performance

America First Multifamily Investors stock traded up $0.02 on Friday, reaching $19.55. The company’s stock had a trading volume of 17,129 shares, compared to its average volume of 39,390. The company has a debt-to-equity ratio of 2.76, a quick ratio of 24.97 and a current ratio of 24.97. America First Multifamily Investors has a twelve month low of $16.53 and a twelve month high of $21.21. The company has a market cap of $430.49 million, a price-to-earnings ratio of 7.29 and a beta of 0.56. The business’s fifty day moving average price is $18.75 and its 200 day moving average price is $18.53.

America First Multifamily Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a $0.57 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $2.28 dividend on an annualized basis and a yield of 11.66%. This is a positive change from America First Multifamily Investors’s previous quarterly dividend of $0.11. America First Multifamily Investors’s payout ratio is currently 55.22%.

Hedge Funds Weigh In On America First Multifamily Investors

Large investors have recently made changes to their positions in the company. Synovus Financial Corp acquired a new position in shares of America First Multifamily Investors during the first quarter valued at $91,000. Equitable Holdings Inc. lifted its stake in shares of America First Multifamily Investors by 11.8% during the first quarter. Equitable Holdings Inc. now owns 32,645 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 3,453 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of America First Multifamily Investors by 1.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 67,340 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 686 shares during the period. Bank of America Corp DE lifted its stake in shares of America First Multifamily Investors by 9.5% during the first quarter. Bank of America Corp DE now owns 99,978 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 8,697 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of America First Multifamily Investors by 10,110.0% during the first quarter. PNC Financial Services Group Inc. now owns 102,100 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 101,100 shares during the period. Institutional investors and hedge funds own 33.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “buy” rating and issued a $21.00 price objective on shares of America First Multifamily Investors in a research note on Thursday, May 19th.

America First Multifamily Investors Company Profile

(Get Rating)

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 and/or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through five segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts.

See Also

Earnings History for America First Multifamily Investors (NASDAQ:ATAX)

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