America First Multifamily Investors (ATAX) Posts Quarterly Earnings Results, Beats Estimates 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 (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%.

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

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.

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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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