America First Multifamily Investors, L.P. (NASDAQ:ATAX) Short Interest Update

America First Multifamily Investors, L.P. (NASDAQ:ATAX – Get Rating) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 108,300 shares, a decline of 65.2% from the March 15th total of 310,900 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 2.5 days.

A number of institutional investors and hedge funds have recently bought and sold shares of ATAX. Commonwealth Equity Services LLC increased its position in America First Multifamily Investors by 93.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,883 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 25,000 shares in the last quarter. XML Financial LLC purchased a new position in America First Multifamily Investors in the 3rd quarter worth approximately $279,000. AE Wealth Management LLC purchased a new position in America First Multifamily Investors in the 3rd quarter worth approximately $135,000. Raymond James & Associates boosted its holdings in America First Multifamily Investors by 35.2% in the 3rd quarter. Raymond James & Associates now owns 514,973 shares of the financial services provider’s stock worth $3,069,000 after acquiring an additional 134,076 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in America First Multifamily Investors by 1.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 277,739 shares of the financial services provider’s stock worth $1,655,000 after acquiring an additional 4,598 shares during the period. 11.00% of the stock is owned by hedge funds and other institutional investors.

ATAX has been the subject of several analyst reports. JMP Securities reissued a “buy” rating and issued a $21.00 target price on shares of America First Multifamily Investors in a research note on Tuesday, March 22nd. StockNews.com initiated coverage on shares of America First Multifamily Investors in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research downgraded shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.75.

NASDAQ ATAX opened at $17.27 on Friday. The company has a 50-day moving average of $18.59 and a 200-day moving average of $19.18. The company has a market cap of $379.59 million, a P/E ratio of 11.07 and a beta of 0.59. America First Multifamily Investors has a 12 month low of $16.71 and a 12 month high of $21.33. The company has a debt-to-equity ratio of 2.40, a current ratio of 19.18 and a quick ratio of 19.18.

America First Multifamily Investors (NASDAQ:ATAX – Get Rating) last posted its earnings results on Thursday, February 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $20.00 million during the quarter, compared to the consensus estimate of $16.10 million. America First Multifamily Investors had a net margin of 55.63% and a return on equity of 10.59%. As a group, equities research analysts anticipate that America First Multifamily Investors will post 1.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, March 30th. America First Multifamily Investors’s dividend payout ratio (DPR) is presently 84.61%.

About America First Multifamily Investors (Get Rating)

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 and/or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through five segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts.

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