America First Multifamily Investors (ATAX) Cut to “Sell” at BidaskClub

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.

America First Multifamily Investors (NASDAQ:ATAX) last posted its earnings results on Monday, November 6th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). America First Multifamily Investors had a net margin of 30.73% and a return on equity of 6.69%. The company had revenue of $16.24 million during the quarter, compared to analyst estimates of $17.04 million. research analysts expect that America First Multifamily Investors will post 0.28 EPS for the current fiscal year.

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.

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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.

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