America First Multifamily Investors, L.P. (NASDAQ:ATAX) Stock Rating Lowered by Oppenheimer Holdings, Inc.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) was downgraded by equities researchers at Oppenheimer Holdings, Inc. from an “outperform” rating to a “market perform” rating in a report released on Friday, September 1st, MarketBeat reports.

A number of other research analysts have also recently issued reports on ATAX. Zacks Investment Research upgraded shares of America First Multifamily Investors, L.P. from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Wednesday, August 9th. BidaskClub cut shares of America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet cut shares of America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a research note on Friday, August 25th. Finally, UBS AG cut shares of America First Multifamily Investors, L.P. to a “market perform” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. America First Multifamily Investors, L.P. has a consensus rating of “Hold” and a consensus target price of $6.38.

Shares of America First Multifamily Investors, L.P. (ATAX) opened at 6.15 on Friday. America First Multifamily Investors, L.P. has a 12 month low of $5.10 and a 12 month high of $6.25. The stock has a market capitalization of $370.55 million, a PE ratio of 20.10 and a beta of 0.42. The company’s 50 day moving average price is $6.09 and its 200 day moving average price is $5.89.

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

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In related news, CEO Chad L. Daffer purchased 20,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $6.17 per share, with a total value of $123,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 232,168 shares in the company, valued at approximately $1,432,476.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 24,019 shares of company stock valued at $148,719. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATAX. Girard Partners LTD. acquired a new stake in America First Multifamily Investors, L.P. during the 2nd quarter worth $351,000. NEXT Financial Group Inc grew its holdings in America First Multifamily Investors, L.P. by 618.7% during the 2nd quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 38,905 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in America First Multifamily Investors, L.P. by 11.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 307,031 shares of the financial services provider’s stock worth $1,719,000 after acquiring an additional 31,667 shares during the period. Wells Fargo & Company MN grew its holdings in America First Multifamily Investors, L.P. by 12.3% during the 1st quarter. Wells Fargo & Company MN now owns 194,230 shares of the financial services provider’s stock worth $1,088,000 after acquiring an additional 21,199 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in America First Multifamily Investors, L.P. during the 1st quarter worth $115,000. 6.71% of the stock is 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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