America First Multifamily Investors (ATAX) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

America First Multifamily Investors (NASDAQ:ATAX) issued its earnings results on Monday. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.17, MarketWatch Earnings reports. The company had revenue of $26.00 million during the quarter. America First Multifamily Investors had a return on equity of 9.35% and a net margin of 34.37%.

Shares of NASDAQ:ATAX traded up $0.01 during trading on Tuesday, hitting $5.85. The stock had a trading volume of 609 shares, compared to its average volume of 128,946. America First Multifamily Investors has a 12 month low of $5.17 and a 12 month high of $6.50. The firm has a market capitalization of $345.79 million, a P/E ratio of 13.32 and a beta of 0.25. The company has a debt-to-equity ratio of 2.19, a quick ratio of 4.68 and a current ratio of 4.68.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.55%. The ex-dividend date was Thursday, September 27th. America First Multifamily Investors’s dividend payout ratio is currently 113.64%.

Several research firms have weighed in on ATAX. BidaskClub upgraded America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research cut America First Multifamily Investors from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine cut America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. TheStreet cut America First Multifamily Investors from a “b-” rating to a “c+” rating in a report on Friday, September 21st. Finally, Oppenheimer reiterated a “hold” rating on shares of America First Multifamily Investors in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.25.

In other news, CEO Chad L. Daffer bought 20,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was purchased at an average price of $5.64 per share, with a total value of $112,800.00. Following the transaction, the chief executive officer now owns 309,101 shares of the company’s stock, valued at $1,743,329.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisa Y. Roskens sold 8,500 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $5.87, for a total value of $49,895.00. Following the completion of the transaction, the director now directly owns 100,069 shares of the company’s stock, valued at approximately $587,405.03. The disclosure for this sale can be found here. Insiders bought a total of 29,603 shares of company stock valued at $168,794 in the last three months. Corporate insiders own 1.30% of the company’s stock.

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About America First Multifamily Investors

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

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