America First Multifamily Investors, LP (NASDAQ:ATAX) Brief Interest Update

America First Multifamily Investors, LP (NASDAQ:ATAX – Get Rating) benefited from a sharp drop in short interest during the month of July. As of July 31, there was short interest totaling 146,200 shares, down 17.9% from the July 15 total of 178,100 shares. About 0.7% of the stock’s shares are sold short. Based on an average daily volume of 44,700 shares, the day-to-cover ratio is currently 3.3 days.

Institutional Trading of America First Multi-Family Investors

Several institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC increased its position in America First Multifamily Investors by 2.7% during the first quarter. AE Wealth Management LLC now owns 23,571 shares of the financial services provider valued at $143,000 after purchasing an additional 619 shares in the last quarter. Commonwealth Equity Services LLC increased its holding in shares of America First Multifamily Investors by 1.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 54,045 shares of the financial services provider valued at $326,000 after acquiring an additional 662 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings of America First Multifamily Investors shares by 1.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 67,340 shares of the financial services provider valued at $407,000 after acquiring 686 additional shares in the last quarter. Beacon Financial Advisory LLC increased its holdings of America First Multifamily Investors shares by 12.5% ​​in the first quarter. Beacon Financial Advisory LLC now owns 15,322 shares of the financial services provider worth $93,000 after buying 1,703 additional shares in the last quarter. Finally, Equitable Holdings Inc. increased its stake in the shares of America First Multifamily Investors by 6.6% during the 4th quarter. Equitable Holdings Inc. now owns 29,192 shares of the financial services provider valued at $188,000 after buying an additional 1,800 shares last quarter. 33.31% of the shares are held by hedge funds and other institutional investors.

America First Multifamily Investors Stock Up 0.7%

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NASDAQ ATAX shares opened at $19.81 on Friday. The company has a current ratio of 28.22, a quick ratio of 24.97 and a debt ratio of 3.08. The company has a fifty-day simple moving average of $18.86 and a two-hundred-day simple moving average of $18.53. The company has a market capitalization of $436.22 million, a PE ratio of 7.39 and a beta of 0.56. America First Multifamily Investors has a 12-month low of $16.53 and a 12-month high of $21.21.

America First Multifamily Investors (NASDAQ:ATAX – Get Rating) released its quarterly results for the last time on Thursday August 4th. The financial services provider reported earnings per share (EPS) of $0.75 for the quarter, missing the consensus estimate of $0.82 per ($0.07). America First Multifamily Investors achieved a return on equity of 18.31% and a net margin of 87.31%. In the same quarter a year earlier, the company had earned earnings per share of $0.39. Stock analysts expect America First Multifamily Investors to post earnings per share of 2.66 for the current year.

America First Multifamily Investors increases its dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Investors of record on Thursday, June 30 received a dividend of $0.57 per share. This represents an annualized dividend of $2.28 and a yield of 11.51%. This is an increase from America First Multifamily Investors’ previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 29. America First Multifamily Investors’ dividend payout ratio is 55.22%.

Analyst upgrades and downgrades

Separately, JMP Securities restated a “buy” rating and issued a price target of $21.00 on America First Multifamily Investors shares in a Thursday, May 19 report.

About America First Multi-Family Investors

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America First Multifamily Investors, LP acquires, holds, sells and trades a portfolio of Mortgage Revenue Bonds (MRBs) which are issued to provide construction and/or permanent financing for multifamily and student housing, as well as residential properties and commercial. It operates through five segments: Affordable Multifamily MRB Investments, MRB Investments for Seniors and Skilled Nurses, MF Properties, Market Rate Joint Venture Investments and Public Housing Capital Fund Trusts.

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