America First Multifamily Investors (ATAX) Stock Rating Lowered by BidaskClub

Share on StockTwits

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.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings results on Monday, August 13th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). America First Multifamily Investors had a net margin of 34.37% and a return on equity of 9.35%. The company had revenue of $15.79 million during the quarter, compared to analyst estimates of $17.88 million. As a group, analysts forecast that America First Multifamily Investors will post 0.31 EPS for the current fiscal year.

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.

See Also: How Do You Make Money With Penny Stocks?

Receive News & Ratings for America First Multifamily Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America First Multifamily Investors and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.