America First Multifamily Investors (ATAX) Rating Increased to Buy at BidaskClub

America First Multifamily Investors (NASDAQ:ATAX) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the company. TheStreet upgraded America First Multifamily Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. ValuEngine upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.25.

America First Multifamily Investors stock traded down $0.02 during trading on Thursday, hitting $6.85. The stock had a trading volume of 58,094 shares, compared to its average volume of 116,358. America First Multifamily Investors has a 1 year low of $5.17 and a 1 year high of $6.89. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.87. The company has a market cap of $413.95 million, a price-to-earnings ratio of 11.35 and a beta of 0.34.

America First Multifamily Investors (NASDAQ:ATAX) last posted its earnings results on Thursday, February 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.16. America First Multifamily Investors had a return on equity of 13.85% and a net margin of 49.69%.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of America First Multifamily Investors by 7.7% during the third quarter. Wells Fargo & Company MN now owns 180,476 shares of the financial services provider’s stock worth $1,029,000 after acquiring an additional 12,881 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of America First Multifamily Investors by 39.8% in the fourth quarter. Wedbush Securities Inc. now owns 14,767 shares of the financial services provider’s stock worth $83,000 after buying an additional 4,207 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of America First Multifamily Investors by 72.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,900 shares of the financial services provider’s stock worth $67,000 after buying an additional 5,000 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of America First Multifamily Investors in the fourth quarter worth $68,000. Finally, LPL Financial LLC raised its position in shares of America First Multifamily Investors by 9.8% in the third quarter. LPL Financial LLC now owns 183,937 shares of the financial services provider’s stock worth $1,048,000 after buying an additional 16,360 shares in the last quarter. Hedge funds and other institutional investors own 7.00% of the company’s stock.

America First Multifamily Investors Company Profile

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: Market Capitalization and Individual Investors

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.