America First Multifamily Investors (NASDAQ:ATAX) issued its earnings results on Monday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.17, MarketWatch Earnings reports. The firm had revenue of $26.00 million for the quarter. America First Multifamily Investors had a net margin of 34.37% and a return on equity of 9.35%.
Shares of NASDAQ ATAX traded down $0.05 during midday trading on Wednesday, reaching $5.78. The stock had a trading volume of 8,376 shares, compared to its average volume of 128,946. The company has a debt-to-equity ratio of 2.19, a current ratio of 4.68 and a quick ratio of 4.68. The stock has a market cap of $345.79 million, a PE ratio of 13.13 and a beta of 0.25. America First Multifamily Investors has a 12-month low of $5.17 and a 12-month high of $6.50.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.65%. America First Multifamily Investors’s dividend payout ratio (DPR) is presently 113.64%.
In other news, Director Lisa Y. Roskens sold 8,500 shares of the stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $5.87, for a total value of $49,895.00. Following the completion of the sale, the director now directly owns 100,069 shares of the company’s stock, valued at $587,405.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lisa Y. Roskens acquired 5,965 shares of America First Multifamily Investors stock in a transaction dated Monday, August 27th. The stock was purchased at an average cost of $5.95 per share, with a total value of $35,491.75. Following the completion of the purchase, the director now owns 100,069 shares of the company’s stock, valued at $595,410.55. The disclosure for this purchase can be found here. Over the last three months, insiders bought 29,603 shares of company stock valued at $168,794. Corporate insiders own 1.30% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.wkrb13.com/2018/11/07/america-first-multifamily-investors-atax-posts-quarterly-earnings-results-beats-estimates-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.
Recommended Story: What is a Swap?
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.