America First Multifamily Investors (NASDAQ:ATAX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Separately, Zacks Investment Research lowered America First Multifamily Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $6.38.
America First Multifamily Investors (NASDAQ:ATAX) traded down $0.05 during mid-day trading on Thursday, hitting $6.05. The stock had a trading volume of 108,231 shares, compared to its average volume of 102,894. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 2.18. America First Multifamily Investors has a fifty-two week low of $5.35 and a fifty-two week high of $6.25. The firm has a market capitalization of $364.53, a price-to-earnings ratio of 20.86 and a beta of 0.43.
Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in America First Multifamily Investors by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 202,431 shares of the financial services provider’s stock valued at $1,205,000 after purchasing an additional 8,201 shares in the last quarter. Royal Bank of Canada grew its stake in America First Multifamily Investors by 1.6% during the 2nd quarter. Royal Bank of Canada now owns 319,303 shares of the financial services provider’s stock valued at $1,900,000 after purchasing an additional 5,000 shares in the last quarter. Citadel Advisors LLC acquired a new stake in America First Multifamily Investors during the 3rd quarter valued at approximately $113,000. Finally, Investment Centers of America Inc. acquired a new stake in America First Multifamily Investors during the 3rd quarter valued at approximately $103,000. Institutional investors and hedge funds own 6.66% of the company’s stock.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/28/america-first-multifamily-investors-atax-cut-to-sell-at-bidaskclub.html.
America First Multifamily Investors Company Profile
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.
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.