America First Multifamily Investors (NASDAQ:ATAX) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday, September 19th.
A number of other research firms have also commented on ATAX. Zacks Investment Research lowered shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Oppenheimer reissued a “hold” rating on shares of America First Multifamily Investors in a research report on Monday, August 13th. Finally, ValuEngine cut shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of $7.25.
Shares of NASDAQ:ATAX traded up $0.09 during trading on Wednesday, reaching $5.29. The stock had a trading volume of 140,044 shares, compared to its average volume of 99,444. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $344.58 million, a P/E ratio of 12.02 and a beta of 0.32. America First Multifamily Investors has a 52 week low of $5.17 and a 52 week high of $6.50.
In other America First Multifamily Investors news, Director Lisa Y. Roskens sold 8,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $5.87, for a total transaction of $49,895.00. Following the sale, the director now directly owns 100,069 shares of the company’s stock, valued at approximately $587,405.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Chad L. Daffer purchased 20,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were acquired at an average cost of $5.64 per share, for a total transaction of $112,800.00. Following the completion of the transaction, the chief executive officer now directly owns 309,101 shares in the company, valued at $1,743,329.64. The disclosure for this purchase can be found here. Insiders purchased a total of 29,603 shares of company stock worth $168,794 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Cavalier Investments LLC acquired a new position in shares of America First Multifamily Investors during the 1st quarter worth about $223,000. Allianz Asset Management GmbH acquired a new position in shares of America First Multifamily Investors during the 1st quarter worth about $102,000. First Republic Investment Management Inc. acquired a new position in shares of America First Multifamily Investors during the 2nd quarter worth about $1,539,000. Private Advisor Group LLC acquired a new position in shares of America First Multifamily Investors during the 2nd quarter worth about $147,000. Finally, Bank of Montreal Can acquired a new position in shares of America First Multifamily Investors during the 2nd quarter worth about $143,000. 7.02% 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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