America First Multifamily Investors (ATAX) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of America First Multifamily Investors (NASDAQ:ATAX) from a c+ rating to a b- rating in a research report released on Tuesday, February 5th.

Several other analysts have also commented on ATAX. BidaskClub lowered shares of America First Multifamily Investors from a buy rating to a hold rating in a research report on Wednesday, November 28th. ValuEngine upgraded shares of America First Multifamily Investors from a sell rating to a hold rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $7.25.

Shares of NASDAQ:ATAX traded up $0.09 during midday trading on Tuesday, reaching $6.75. The company’s stock had a trading volume of 92,699 shares, compared to its average volume of 241,605. The firm has a market capitalization of $406.24 million, a P/E ratio of 11.02 and a beta of 0.34. America First Multifamily Investors has a twelve month low of $5.17 and a twelve month high of $6.75. The company has a debt-to-equity ratio of 2.08, a current ratio of 4.05 and a quick ratio of 4.05.

America First Multifamily Investors (NASDAQ:ATAX) last released its quarterly earnings data on Thursday, February 28th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.16. America First Multifamily Investors had a net margin of 46.47% and a return on equity of 14.33%.

Several large investors have recently bought and sold shares of the company. Stifel Financial Corp raised its stake in America First Multifamily Investors by 4.0% during the fourth quarter. Stifel Financial Corp now owns 46,675 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 1,800 shares during the period. Wedbush Securities Inc. grew its holdings 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 valued at $83,000 after purchasing an additional 4,207 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings 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 valued at $67,000 after purchasing an additional 5,000 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of America First Multifamily Investors in the fourth quarter valued at approximately $35,000. Finally, Advisor Group Inc. grew its holdings in America First Multifamily Investors by 85.3% during the 4th quarter. Advisor Group Inc. now owns 14,205 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 6,541 shares in the last quarter. 9.23% of the stock is currently owned by hedge funds and other institutional investors.

About America First Multifamily Investors

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.

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