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America First Multifamily Investors - ATAX Stock Forecast, Price & News

$19.82
-0.03 (-0.15%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.75
$19.86
50-Day Range
$17.08
$19.85
52-Week Range
$16.53
$21.21
Volume
27,221 shs
Average Volume
46,031 shs
Market Capitalization
$436.40 million
P/E Ratio
7.40
Dividend Yield
7.46%
Price Target
$21.75

America First Multifamily Investors MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.7% Upside
$21.75 Price Target
Short Interest
Healthy
0.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.62mentions of America First Multifamily Investors in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$9,993 Bought Last Quarter
Proj. Earnings Growth
-56.02%
From $2.66 to $1.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Finance Sector

515th out of 924 stocks

Nondepository Credit Institutions Industry

17th out of 33 stocks

ATAX stock logo

About America First Multifamily Investors (NASDAQ:ATAX) Stock

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 and/or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through five segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts. As of December 31, 2021, the company owned 74 MRBs issued by state and local housing authorities in order to provide construction or permanent financing for 76 multifamily and seniors housing properties comprising a total of 12,584 rental units located in 17 states; and nine governmental issuer loans related to affordable multifamily properties containing a total of 1,832 rental units located in six states in the United States. America First Capital Associates Limited Partnership Two serves as the general partner of the company. America First Multifamily Investors, L.P. was incorporated in 1998 and is based in Omaha, Nebraska.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "buy" rating and set a $21.00 target price on shares of America First Multifamily Investors in a research note on Thursday, May 19th.

America First Multifamily Investors Stock Down 0.3 %

NASDAQ:ATAX traded down $0.05 on Tuesday, hitting $19.80. 3 shares of the company's stock traded hands, compared to its average volume of 49,835. The firm has a 50-day moving average price of $18.87 and a 200-day moving average price of $18.52. The company has a current ratio of 28.22, a quick ratio of 28.22 and a debt-to-equity ratio of 3.08. America First Multifamily Investors has a 1 year low of $16.53 and a 1 year high of $21.21. The company has a market cap of $436.00 million, a PE ratio of 7.41 and a beta of 0.56.

America First Multifamily Investors (NASDAQ:ATAX - Get Rating) last issued its earnings results on Thursday, August 4th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.07). America First Multifamily Investors had a return on equity of 18.31% and a net margin of 87.31%. During the same period last year, the firm earned $0.39 earnings per share. Equities analysts anticipate that America First Multifamily Investors will post 2.66 EPS for the current fiscal year.

America First Multifamily Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a $0.57 dividend. This is an increase from America First Multifamily Investors's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 29th. This represents a $2.28 annualized dividend and a yield of 11.52%. America First Multifamily Investors's payout ratio is presently 55.22%.

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ATAX Stock News Headlines

ATAX America First Multifamily Investors, L.P.
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ATAX Company Calendar

Ex-Dividend for 7/29 Dividend
6/29/2022
Dividend Payable
7/29/2022
Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ATAX
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.75
High Stock Price Forecast
$22.50
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$38.10 million
Pretax Margin
87.30%

Debt

Sales & Book Value

Annual Sales
$68.50 million
Cash Flow
$1.91 per share
Book Value
$16.95 per share

Miscellaneous

Free Float
21,732,000
Market Cap
$436.40 million
Optionable
Optionable
Beta
0.56














ATAX Stock - Frequently Asked Questions

Should I buy or sell America First Multifamily Investors stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for America First Multifamily Investors in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATAX shares.
View ATAX analyst ratings
or view top-rated stocks.

What is America First Multifamily Investors' stock price forecast for 2022?

2 analysts have issued 12 month price objectives for America First Multifamily Investors' shares. Their ATAX share price forecasts range from $21.00 to $22.50. On average, they expect the company's share price to reach $21.75 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts price targets for ATAX
or view top-rated stocks among Wall Street analysts.

How have ATAX shares performed in 2022?

America First Multifamily Investors' stock was trading at $19.29 at the beginning of 2022. Since then, ATAX stock has increased by 2.7% and is now trading at $19.82.
View the best growth stocks for 2022 here
.

When is America First Multifamily Investors' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ATAX earnings forecast
.

How were America First Multifamily Investors' earnings last quarter?

America First Multifamily Investors, L.P. (NASDAQ:ATAX) issued its quarterly earnings data on Thursday, August, 4th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.07. America First Multifamily Investors had a trailing twelve-month return on equity of 18.31% and a net margin of 87.31%. During the same quarter in the previous year, the business posted $0.39 earnings per share.

How often does America First Multifamily Investors pay dividends? What is the dividend yield for America First Multifamily Investors?

America First Multifamily Investors announced a quarterly dividend on Wednesday, June 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.57 per share on Friday, July 29th. This represents a $2.28 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for ATAX
.

Is America First Multifamily Investors a good dividend stock?

America First Multifamily Investors (NASDAQ:ATAX) pays an annual dividend of $1.48 per share and currently has a dividend yield of 7.46%. ATAX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ATAX will have a dividend payout ratio of 126.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ATAX.

When did America First Multifamily Investors' stock split?

America First Multifamily Investors shares reverse split on the morning of Monday, April 4th 2022. The 1-3 reverse split was announced on Monday, April 4th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, April 4th 2022. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

What other stocks do shareholders of America First Multifamily Investors own?

Based on aggregate information from My MarketBeat watchlists, some companies that other America First Multifamily Investors investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), New Residential Investment (NRZ), AGNC Investment (AGNC), Orchid Island Capital (ORC), Annaly Capital Management (NLY), AT&T (T), NGL Energy Partners (NGL), Prospect Capital (PSEC) and Chimera Investment (CIM).

What is America First Multifamily Investors' stock symbol?

America First Multifamily Investors trades on the NASDAQ under the ticker symbol "ATAX."

Who are America First Multifamily Investors' major shareholders?

America First Multifamily Investors' stock is owned by a variety of retail and institutional investors. Top institutional investors include America First Investment Advisors LLC (0.55%), Natixis (0.40%), Bluefin Capital Management LLC (0.29%), UBS Group AG (0.27%), Cetera Investment Advisers (0.24%) and Aveo Capital Partners LLC (0.22%). Insiders that own company stock include Chad L Daffer, Deborah A Wilson, Jeffrey Baevsky and Kenneth Rogozinski.
View institutional ownership trends
.

How do I buy shares of America First Multifamily Investors?

Shares of ATAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is America First Multifamily Investors' stock price today?

One share of ATAX stock can currently be purchased for approximately $19.82.

How much money does America First Multifamily Investors make?

America First Multifamily Investors (NASDAQ:ATAX) has a market capitalization of $436.40 million and generates $68.50 million in revenue each year. The financial services provider earns $38.10 million in net income (profit) each year or $2.6801 on an earnings per share basis.

How many employees does America First Multifamily Investors have?

The company employs 2,020 workers across the globe.

How can I contact America First Multifamily Investors?

America First Multifamily Investors' mailing address is 14301 FNB PARKWAY SUITE 211, OMAHA NE, 68154. The official website for the company is www.ataxfund.com. The financial services provider can be reached via phone at (402) 952-1235 or via fax at 402-930-3047.

This page (NASDAQ:ATAX) was last updated on 8/16/2022 by MarketBeat.com Staff

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