FY2018 EPS Estimates for America First Multifamily Investors, L.P. Cut by Oppenheimer Holdings (ATAX)

America First Multifamily Investors, L.P. (NASDAQ:ATAX) – Research analysts at Oppenheimer Holdings cut their FY2018 earnings per share estimates for America First Multifamily Investors, L.P. in a research note issued on Tuesday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the financial services provider will post earnings per share of $0.25 for the year, down from their previous estimate of $0.27. Oppenheimer Holdings has a “Market Perform” rating on the stock.

ATAX has been the topic of a number of other reports. TheStreet cut shares of America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, UBS AG cut shares of America First Multifamily Investors, L.P. to a “market perform” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.38.

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America First Multifamily Investors, L.P. (NASDAQ:ATAX) opened at $6.05 on Friday. America First Multifamily Investors, L.P. has a 52 week low of $5.10 and a 52 week high of $6.25. The stock has a market cap of $362.52, a P/E ratio of 20.17 and a beta of 0.42. The company has a quick ratio of 5.29, a current ratio of 4.65 and a debt-to-equity ratio of 2.18.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). America First Multifamily Investors, L.P. had a net margin of 30.73% and a return on equity of 6.69%. The company had revenue of $16.24 million for the quarter, compared to the consensus estimate of $17.04 million.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a $0.125 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 8.26%. America First Multifamily Investors, L.P.’s payout ratio is presently 166.67%.

In other news, CEO Chad L. Daffer purchased 20,000 shares of America First Multifamily Investors, L.P. stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of $6.17 per share, with a total value of $123,400.00. Following the completion of the transaction, the chief executive officer now directly owns 232,168 shares in the company, valued at approximately $1,432,476.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 24,019 shares of company stock worth $148,719. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ATAX. Oppenheimer & Co. Inc. boosted its position in shares of America First Multifamily Investors, L.P. by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 208 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of America First Multifamily Investors, L.P. during the third quarter worth $113,000. NEXT Financial Group Inc boosted its position in shares of America First Multifamily Investors, L.P. by 618.7% during the second quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 38,905 shares in the last quarter. Girard Partners LTD. bought a new position in shares of America First Multifamily Investors, L.P. during the second quarter worth $351,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of America First Multifamily Investors, L.P. by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 265 shares in the last quarter. 6.66% of the stock is currently owned by institutional investors.

About America First Multifamily Investors, L.P.

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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