America First Multifamily Investors, L.P. (NASDAQ:ATAX – Get Rating) declared a quarterly dividend on Wednesday, June 15th, Zacks reports. Investors of record on Thursday, June 30th will be paid a dividend of 0.57 per share by the financial services provider on Friday, July 29th. This represents a $2.28 annualized dividend and a yield of 12.74%. The ex-dividend date is Wednesday, June 29th. This is a positive change from America First Multifamily Investors’s previous quarterly dividend of $0.11.
Shares of NASDAQ ATAX opened at $17.90 on Thursday. America First Multifamily Investors has a twelve month low of $16.53 and a twelve month high of $21.33. The firm has a market cap of $394.12 million, a PE ratio of 7.72 and a beta of 0.60. The business has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $18.73. The company has a quick ratio of 24.97, a current ratio of 24.97 and a debt-to-equity ratio of 2.76.
America First Multifamily Investors (NASDAQ:ATAX – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.72. The business had revenue of $19.21 million for the quarter, compared to analysts’ expectations of $17.30 million. America First Multifamily Investors had a net margin of 78.27% and a return on equity of 15.99%. During the same period last year, the business earned $0.27 EPS. On average, research analysts expect that America First Multifamily Investors will post 2.34 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ATAX. Bank of America Corp DE raised its stake in America First Multifamily Investors by 9.5% in the 1st quarter. Bank of America Corp DE now owns 99,978 shares of the financial services provider’s stock worth $605,000 after acquiring an additional 8,697 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of America First Multifamily Investors by 17.3% in the first quarter. Royal Bank of Canada now owns 128,390 shares of the financial services provider’s stock valued at $777,000 after purchasing an additional 18,961 shares during the period. Equitable Holdings Inc. raised its stake in shares of America First Multifamily Investors by 11.8% in the first quarter. Equitable Holdings Inc. now owns 32,645 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 3,453 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of America First Multifamily Investors during the first quarter worth about $91,000. Finally, PNC Financial Services Group Inc. boosted its position in America First Multifamily Investors by 10,110.0% in the first quarter. PNC Financial Services Group Inc. now owns 102,100 shares of the financial services provider’s stock valued at $618,000 after buying an additional 101,100 shares during the last quarter. 33.31% of the stock is currently owned by hedge funds and other institutional investors.
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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