America First Multifamily Investors (NASDAQ:ATAX) Cut to Strong Sell at BidaskClub

BidaskClub downgraded shares of America First Multifamily Investors (NASDAQ:ATAX) from a sell rating to a strong sell rating in a research note released on Tuesday morning, BidAskClub reports.

Shares of ATAX opened at $7.06 on Tuesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.69 and a current ratio of 1.69. America First Multifamily Investors has a twelve month low of $5.17 and a twelve month high of $7.43. The firm has a 50 day moving average of $7.09. The company has a market capitalization of $428.42 million, a price-to-earnings ratio of 12.02 and a beta of 0.33.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter. America First Multifamily Investors had a net margin of 49.50% and a return on equity of 13.74%. The company had revenue of $17.67 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.50 dividend on an annualized basis and a yield of 7.08%.

Institutional investors and hedge funds have recently modified their holdings of the stock. AllSquare Wealth Management LLC acquired a new position in shares of America First Multifamily Investors in the first quarter valued at $55,000. Wiley BROS. Aintree Capital LLC acquired a new position in shares of America First Multifamily Investors in the second quarter valued at $82,000. Virtu Financial LLC bought a new stake in shares of America First Multifamily Investors in the first quarter valued at about $90,000. American Asset Management Inc. boosted its position in shares of America First Multifamily Investors by 40.0% in the first quarter. American Asset Management Inc. now owns 14,000 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 4,000 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of America First Multifamily Investors by 85.3% in the fourth quarter. Advisor Group Inc. now owns 14,205 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 6,541 shares during the period. Institutional investors and hedge funds own 7.33% of the company’s stock.

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: The Discount Rate – What You Need to Know

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.