Oppenheimer Holdings, Inc. cut shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX) from an outperform rating to a market perform rating in a research note published on Friday.

A number of other brokerages have also commented on ATAX. UBS AG lowered America First Multifamily Investors, L.P. to a market perform rating in a report on Friday. TheStreet lowered America First Multifamily Investors, L.P. from a b- rating to a c+ rating in a report on Friday, August 25th. Zacks Investment Research raised America First Multifamily Investors, L.P. from a hold rating to a buy rating and set a $6.75 price objective on the stock in a report on Wednesday, August 9th. Finally, BidaskClub lowered America First Multifamily Investors, L.P. from a buy rating to a hold rating in a report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $6.38.

Shares of America First Multifamily Investors, L.P. (NASDAQ ATAX) remained flat at $6.15 during midday trading on Friday. The company’s stock had a trading volume of 696,591 shares. America First Multifamily Investors, L.P. has a 52 week low of $5.10 and a 52 week high of $6.25. The firm has a market cap of $370.55 million, a P/E ratio of 20.10 and a beta of 0.42. The company has a 50-day moving average of $6.08 and a 200 day moving average of $5.86.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last issued its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%. The firm had revenue of $16.23 million for the quarter, compared to analyst estimates of $16.76 million. Equities analysts forecast that America First Multifamily Investors, L.P. will post $0.28 earnings per share for the current fiscal year.

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In other news, CEO Chad L. Daffer acquired 20,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $6.17 per share, with a total value of $123,400.00. Following the acquisition, the chief executive officer now directly owns 232,168 shares in the company, valued at approximately $1,432,476.56. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 24,019 shares of company stock worth $148,719. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in America First Multifamily Investors, L.P. by 1.6% in the second quarter. Royal Bank of Canada now owns 319,303 shares of the financial services provider’s stock valued at $1,900,000 after buying an additional 5,000 shares during the period. Wells Fargo & Company MN raised its stake in America First Multifamily Investors, L.P. by 4.2% in the second quarter. Wells Fargo & Company MN now owns 202,431 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 8,201 shares during the period. Oppenheimer & Co. Inc. raised its stake in America First Multifamily Investors, L.P. by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 17,319 shares of the financial services provider’s stock valued at $103,000 after buying an additional 208 shares during the period. Girard Partners LTD. bought a new stake in America First Multifamily Investors, L.P. during the second quarter valued at about $351,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in America First Multifamily Investors, L.P. by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 66,650 shares of the financial services provider’s stock valued at $397,000 after buying an additional 265 shares during the period. 6.71% of the stock is currently owned by hedge funds and other institutional investors.

About America First Multifamily Investors, L.P.

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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