America First Multifamily Investors, L.P. (NASDAQ:ATAX) Posts Earnings Results, Beats Expectations By $0.02 EPS

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

America First Multifamily Investors, L.P. (NASDAQ:ATAX) remained flat at $6.15 on Friday. The company’s stock had a trading volume of 100,622 shares. The company’s 50 day moving average is $6.03 and its 200 day moving average is $5.82. America First Multifamily Investors, L.P. has a 52-week low of $5.10 and a 52-week high of $6.25.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.13%. The ex-dividend date was Wednesday, June 28th. America First Multifamily Investors, L.P.’s payout ratio is currently 156.25%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of 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 valued at $103,000 after buying an additional 208 shares during the period. Private Advisor Group LLC purchased a new position in shares of America First Multifamily Investors, L.P. during the first quarter valued at about $115,000. NEXT Financial Group Inc boosted its position in shares of 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 valued at $269,000 after buying an additional 38,905 shares during the period. Girard Partners LTD. purchased a new position in shares of America First Multifamily Investors, L.P. during the second quarter valued at about $351,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 valued at $372,000 after buying an additional 11,909 shares during the period. 7.41% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. set a $6.00 price objective on America First Multifamily Investors, L.P. and gave the company a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded America First Multifamily Investors, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Finally, BidaskClub downgraded America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

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.

Earnings History for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

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