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.
ILLEGAL ACTIVITY WARNING: “America First Multifamily Investors (ATAX) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/11/06/america-first-multifamily-investors-atax-announces-quarterly-earnings-results-beats-expectations-by-0-17-eps.html.
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.
Further Reading: What is the Dow Jones Industrial Average (DJIA)?
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.