TheStreet upgraded shares of America First Multifamily Investors (NASDAQ:ATAX) from a c+ rating to a b- rating in a research report sent to investors on Tuesday.

A number of other analysts also recently commented on the company. BidaskClub raised America First Multifamily Investors from a sell rating to a hold rating in a research note on Wednesday, October 17th. ValuEngine raised America First Multifamily Investors from a sell rating to a hold rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $7.25.

ATAX opened at $6.59 on Tuesday. America First Multifamily Investors has a one year low of $5.17 and a one year high of $6.69. The company has a debt-to-equity ratio of 2.08, a quick ratio of 4.05 and a current ratio of 4.05. The firm has a market capitalization of $403.83 million, a PE ratio of 10.95 and a beta of 0.34.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Monday, December 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Friday, December 28th.

Several institutional investors and hedge funds have recently bought and sold shares of ATAX. US Bancorp DE raised its stake in shares of America First Multifamily Investors by 2,267.4% in the 3rd quarter. US Bancorp DE now owns 47,347 shares of the financial services provider’s stock worth $270,000 after buying an additional 45,347 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of America First Multifamily Investors by 12.8% in the 3rd quarter. Renaissance Technologies LLC now owns 213,669 shares of the financial services provider’s stock worth $1,218,000 after buying an additional 24,227 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of America First Multifamily Investors by 30.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 89,426 shares of the financial services provider’s stock worth $510,000 after buying an additional 20,790 shares in the last quarter. Creative Planning raised its stake in shares of America First Multifamily Investors by 30.0% in the 3rd quarter. Creative Planning now owns 82,927 shares of the financial services provider’s stock worth $473,000 after buying an additional 19,127 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of America First Multifamily Investors by 9.8% in the 3rd quarter. LPL Financial LLC now owns 183,937 shares of the financial services provider’s stock worth $1,048,000 after buying an additional 16,360 shares in the last quarter. 9.17% of the stock is currently owned by institutional investors.

About America First Multifamily Investors

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 or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

Further Reading: Benefits of owning preferred stock

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