Aveo Capital Partners LLC Lowers Stake in America First Multifamily Investors, L.P. (ATAX)

Aveo Capital Partners LLC lowered its stake in America First Multifamily Investors, L.P. (NASDAQ:ATAX) by 37.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,995 shares of the financial services provider’s stock after selling 15,000 shares during the period. Aveo Capital Partners LLC’s holdings in America First Multifamily Investors, L.P. were worth $149,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in America First Multifamily Investors, L.P. by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 338,531 shares of the financial services provider’s stock valued at $1,828,000 after buying an additional 55,625 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in America First Multifamily Investors, L.P. by 11.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 307,031 shares of the financial services provider’s stock valued at $1,719,000 after buying an additional 31,667 shares during the period. Wells Fargo & Company MN raised its stake in America First Multifamily Investors, L.P. by 12.3% in the first quarter. Wells Fargo & Company MN now owns 194,230 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 21,199 shares during the period. Creative Planning raised its stake in America First Multifamily Investors, L.P. by 7.5% in the second quarter. Creative Planning now owns 121,950 shares of the financial services provider’s stock valued at $726,000 after buying an additional 8,471 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in America First Multifamily Investors, L.P. by 21.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,385 shares of the financial services provider’s stock valued at $372,000 after buying an additional 11,909 shares during the period. Institutional investors and hedge funds own 7.41% of the company’s stock.

Shares of America First Multifamily Investors, L.P. (NASDAQ ATAX) remained flat at $6.15 during mid-day trading on Friday. 100,622 shares of the company’s stock traded hands. America First Multifamily Investors, L.P. has a 1-year low of $5.10 and a 1-year high of $6.25. The company has a 50-day moving average price of $6.03 and a 200 day moving average price of $5.82.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last released its earnings results on Monday, August 7th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 6.63% and a net margin of 33.34%. On average, analysts predict that America First Multifamily Investors, L.P. will post $0.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date was Wednesday, June 28th. America First Multifamily Investors, L.P.’s dividend payout ratio (DPR) is presently 156.25%.

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Several analysts have weighed in on the company. Oppenheimer Holdings, Inc. set a $6.00 target price on America First Multifamily Investors, L.P. and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research upgraded 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 research report on Wednesday, August 9th. Finally, BidaskClub downgraded America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.

America First Multifamily Investors, L.P. Company Profile

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.

Institutional Ownership by Quarter for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

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