America First Multifamily Investors (NASDAQ:ATAX) announced its earnings results on Monday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.17, MarketWatch Earnings reports. America First Multifamily Investors had a net margin of 34.37% and a return on equity of 9.35%. The company had revenue of $26.00 million for the quarter.
NASDAQ ATAX traded up $0.04 during trading hours on Tuesday, hitting $5.88. The company’s stock had a trading volume of 915 shares, compared to its average volume of 128,946. America First Multifamily Investors has a twelve month low of $5.17 and a twelve month high of $6.50. The firm has a market capitalization of $345.79 million, a P/E ratio of 13.36 and a beta of 0.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 4.68 and a quick ratio of 4.68.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.50 annualized dividend and a yield of 8.50%. America First Multifamily Investors’s dividend payout ratio is currently 113.64%.
A number of equities analysts have recently issued reports on ATAX shares. BidaskClub upgraded shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. TheStreet lowered shares of America First Multifamily Investors from a “b-” rating to a “c+” rating in a research report on Friday, September 21st. Oppenheimer reiterated a “hold” rating on shares of America First Multifamily Investors in a research report on Monday, August 13th. Zacks Investment Research lowered shares of America First Multifamily Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, ValuEngine lowered shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.25.
In related news, Director Lisa Y. Roskens sold 8,500 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $5.87, for a total value of $49,895.00. Following the transaction, the director now directly owns 100,069 shares in the company, valued at $587,405.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chad L. Daffer acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average price of $5.64 per share, for a total transaction of $112,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 309,101 shares of the company’s stock, valued at $1,743,329.64. The disclosure for this purchase can be found here. Insiders purchased 29,603 shares of company stock worth $168,794 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
America First Multifamily Investors Company Profile
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.
Recommended Story: What is the Dividend Aristocrat Index?