America First Multifamily Investors, L.P. (ATAX) Earning Somewhat Positive News Coverage, Analysis Finds

News stories about America First Multifamily Investors, L.P. (NASDAQ:ATAX) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. America First Multifamily Investors, L.P. earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 44.8380960667617 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

America First Multifamily Investors, L.P. (ATAX) traded down 1.220% on Monday, reaching $6.075. 68,674 shares of the company traded hands. The stock has a market capitalization of $366.03 million, a price-to-earnings ratio of 19.853 and a beta of 0.42. The firm has a 50 day moving average price of $6.09 and a 200 day moving average price of $5.89. America First Multifamily Investors, L.P. has a 52-week low of $5.10 and a 52-week high of $6.25.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its earnings results on Monday, August 7th. The financial services provider reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%. The company had revenue of $16.23 million for the quarter, compared to analysts’ expectations of $16.76 million. Equities research analysts predict that America First Multifamily Investors, L.P. will post $0.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.50 annualized dividend and a yield of 8.23%. America First Multifamily Investors, L.P.’s dividend payout ratio (DPR) is presently 156.25%.

Several research analysts have recently weighed in on ATAX shares. Oppenheimer Holdings, Inc. lowered shares of America First Multifamily Investors, L.P. from an “outperform” rating to a “market perform” rating in a report on Friday, September 1st. TheStreet lowered shares of America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a report on Friday, August 25th. UBS AG lowered shares of America First Multifamily Investors, L.P. to a “market perform” rating in a report on Friday, September 1st. BidaskClub lowered shares of America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of America First Multifamily Investors, L.P. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.38.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/09/18/america-first-multifamily-investors-l-p-atax-earning-somewhat-positive-news-coverage-analysis-finds.html.

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 stock was acquired at an average cost of $6.17 per share, for a total transaction of $123,400.00. Following the acquisition, the chief executive officer now directly owns 232,168 shares in the company, valued at $1,432,476.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have bought 24,019 shares of company stock valued at $148,719. 1.30% of the stock is owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

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

Latest News

Leave a Reply