America First Multifamily Investors, L.P. (ATAX) Given a $6.00 Price Target by Oppenheimer Holdings, Inc. Analysts

Oppenheimer Holdings, Inc. set a $6.00 price objective on America First Multifamily Investors, L.P. (NASDAQ:ATAX) in a research report sent to investors on Monday, August 7th. The firm currently has a buy rating on the financial services provider’s stock. Oppenheimer Holdings also issued estimates for America First Multifamily Investors, L.P.’s Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.06 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.27 EPS.

A number of other research analysts have also commented on the company. BidaskClub lowered America First Multifamily Investors, L.P. from a buy rating to a hold rating in a research report on Thursday, July 13th. Zacks Investment Research raised America First Multifamily Investors, L.P. from a sell rating to a hold rating in a research report on Monday, May 8th.

Shares of America First Multifamily Investors, L.P. (NASDAQ ATAX) opened at 6.15 on Monday. America First Multifamily Investors, L.P. has a one year low of $5.10 and a one year high of $6.25.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $16.23 million during the quarter, compared to analyst estimates of $16.76 million. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%. On average, equities research analysts predict that America First Multifamily Investors, L.P. will post $0.28 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in America First Multifamily Investors, L.P. by 1.6% in the second quarter. Royal Bank of Canada now owns 319,303 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 5,000 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of America First Multifamily Investors, L.P. by 4.2% in the second quarter. Wells Fargo & Company MN now owns 202,431 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 8,201 shares in the last quarter. Oppenheimer & Co. Inc. raised 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 in the last quarter. 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. raised its position in shares of America First Multifamily Investors, L.P. by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock valued at $397,000 after buying an additional 265 shares in the last quarter. 7.41% of the stock is owned by institutional investors and hedge funds.

America First Multifamily Investors, L.P. 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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