America First Multifamily Investors LP (NASDAQ:ATAX) – Equities researchers at Oppenheimer Holdings cut their FY2016 earnings per share (EPS) estimates for shares of America First Multifamily Investors in a report issued on Monday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the brokerage will post earnings of $0.32 per share for the year, down from their previous forecast of $0.48. Oppenheimer Holdings has a “Buy” rating and a $6.00 price objective on the stock.

A number of other analysts also recently weighed in on ATAX. TheStreet raised shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research raised shares of America First Multifamily Investors from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Tuesday, October 18th.

America First Multifamily Investors (NASDAQ:ATAX) opened at 5.75 on Thursday. America First Multifamily Investors has a 52 week low of $5.65 and a 52 week high of $5.79. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.

America First Multifamily Investors (NASDAQ:ATAX) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.02. America First Multifamily Investors had a net margin of 50.35% and a return on equity of 8.38%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.70%. The ex-dividend date was Wednesday, September 28th. America First Multifamily Investors’s dividend payout ratio (DPR) is presently 125.00%.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of America First Multifamily Investors during the third quarter valued at about $918,000. UBS Group AG boosted its position in shares of America First Multifamily Investors by 21.0% in the first quarter. UBS Group AG now owns 435,657 shares of the company’s stock valued at $2,287,000 after buying an additional 75,482 shares during the period. Creative Planning boosted its position in shares of America First Multifamily Investors by 253.2% in the third quarter. Creative Planning now owns 81,114 shares of the company’s stock valued at $479,000 after buying an additional 58,150 shares during the period. JPMorgan Chase & Co. boosted its position in shares of America First Multifamily Investors by 135.9% in the second quarter. JPMorgan Chase & Co. now owns 71,022 shares of the company’s stock valued at $390,000 after buying an additional 40,921 shares during the period. Finally, Morgan Stanley boosted its position in shares of America First Multifamily Investors by 5.9% in the third quarter. Morgan Stanley now owns 725,198 shares of the company’s stock valued at $4,279,000 after buying an additional 40,418 shares during the period. Hedge funds and other institutional investors own 8.28% of the company’s stock.

About America First Multifamily Investors

America First Multifamily Investors, L.P. is engaged in acquiring, holding, selling and dealing with a portfolio of mortgage revenue bonds, which have been issued to provide construction and/or permanent financing for multifamily and student housing (collectively Residential Properties) and commercial properties.

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