America First Multifamily Investors, L.P. (NASDAQ:ATAX) – Investment analysts at Oppenheimer Holdings raised their Q3 2017 earnings estimates for America First Multifamily Investors, L.P. in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst B. Chittenden now expects that the financial services provider will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. Oppenheimer Holdings currently has a “Buy” rating and a $6.00 price objective on the stock. Oppenheimer Holdings also issued estimates for America First Multifamily Investors, L.P.’s Q4 2017 earnings at $0.06 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised America First Multifamily Investors, L.P. from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Wednesday. BidaskClub downgraded America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

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America First Multifamily Investors, L.P. (ATAX) opened at 6.05 on Thursday. America First Multifamily Investors, L.P. has a 52-week low of $5.10 and a 52-week high of $6.25. The stock has a 50 day moving average of $6.01 and a 200-day moving average of $5.79. The company has a market cap of $364.52 million, a price-to-earnings ratio of 15.47 and a beta of 0.43.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. America First Multifamily Investors, L.P. had a net margin of 33.34% and a return on equity of 6.63%. The company had revenue of $16.23 million for the quarter, compared to analyst estimates of $16.76 million.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date was Wednesday, June 28th. America First Multifamily Investors, L.P.’s dividend payout ratio (DPR) is presently 156.25%.

A number of large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its stake in America First Multifamily Investors, L.P. by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock worth $103,000 after buying an additional 208 shares during the period. Private Advisor Group LLC acquired a new stake in America First Multifamily Investors, L.P. during the first quarter worth $115,000. NEXT Financial Group Inc boosted its stake in America First Multifamily Investors, L.P. by 618.7% in the second quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after buying an additional 38,905 shares during the period. Girard Partners LTD. acquired a new stake in America First Multifamily Investors, L.P. during the second quarter worth $351,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in America First Multifamily Investors, L.P. by 21.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,385 shares of the financial services provider’s stock worth $372,000 after buying an additional 11,909 shares during the period. Institutional investors and hedge funds own 7.31% of the company’s stock.

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.

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