America First Multifamily Investors LP (NASDAQ:ATAX) – Equities researchers at Oppenheimer Holdings decreased their Q2 2017 EPS estimates for shares of America First Multifamily Investors in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the financial services provider will earn $0.04 per share for the quarter, down from their prior estimate of $0.06. Oppenheimer Holdings has a “Buy” rating and a $6.00 price objective on the stock. Oppenheimer Holdings also issued estimates for America First Multifamily Investors’ Q3 2017 earnings at $0.05 EPS and Q4 2017 earnings at $0.05 EPS.

America First Multifamily Investors (NASDAQ:ATAX) last announced its earnings results on Friday, May 5th. The financial services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm had revenue of $16 million for the quarter, compared to the consensus estimate of $16.36 million. America First Multifamily Investors had a return on equity of 8.38% and a net margin of 50.35%. TRADEMARK VIOLATION WARNING: “Q2 2017 EPS Estimates for America First Multifamily Investors LP (ATAX) Lowered by Oppenheimer Holdings” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/05/10/q2-2017-eps-estimates-for-america-first-multifamily-investors-lp-atax-lowered-by-oppenheimer-holdings.html.

Separately, Zacks Investment Research lowered shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd.

America First Multifamily Investors (NASDAQ:ATAX) opened at 5.75 on Wednesday. America First Multifamily Investors has a one year low of $5.10 and a one year high of $6.11. The firm’s 50-day moving average price is $5.71 and its 200 day moving average price is $5.64. The firm has a market capitalization of $345.38 million, a P/E ratio of 17.16 and a beta of 0.62.

Several institutional investors have recently added to or reduced their stakes in ATAX. Renaissance Technologies LLC raised its position in America First Multifamily Investors by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 338,531 shares of the financial services provider’s stock valued at $1,828,000 after buying an additional 55,625 shares during the last quarter. America First Investment Advisors LLC raised its position in shares of America First Multifamily Investors by 5.1% in the third quarter. America First Investment Advisors LLC now owns 512,523 shares of the financial services provider’s stock worth $3,024,000 after buying an additional 24,647 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of America First Multifamily Investors by 27.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,138 shares of the financial services provider’s stock worth $244,000 after buying an additional 9,775 shares during the last quarter. First Allied Advisory Services Inc. raised its position in shares of America First Multifamily Investors by 13.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 190,746 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 23,078 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of America First Multifamily Investors by 11.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 307,031 shares of the financial services provider’s stock worth $1,719,000 after buying an additional 31,667 shares during the last quarter. Hedge funds and other institutional investors own 8.21% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.50 annualized dividend and a dividend yield of 8.70%. America First Multifamily Investors’s payout ratio is 125.00%.

About America First Multifamily Investors

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.

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