Cetera Investment Advisers purchased a new position in America First Multifamily Investors, L.P. (NASDAQ:ATAX – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 52,749 shares of the financial services provider's stock, valued at approximately $965,000. Cetera Investment Advisers owned about 0.24% of America First Multifamily Investors at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in America First Multifamily Investors by 7.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 329,227 shares of the financial services provider's stock worth $1,992,000 after purchasing an additional 22,908 shares during the period. Samalin Investment Counsel LLC boosted its holdings in shares of America First Multifamily Investors by 13.6% during the first quarter. Samalin Investment Counsel LLC now owns 188,440 shares of the financial services provider's stock valued at $1,140,000 after acquiring an additional 22,493 shares during the period. Royal Bank of Canada lifted its holdings in America First Multifamily Investors by 17.3% in the first quarter. Royal Bank of Canada now owns 128,390 shares of the financial services provider's stock worth $777,000 after purchasing an additional 18,961 shares during the period. PNC Financial Services Group Inc. lifted its holdings in America First Multifamily Investors by 10,110.0% in the first quarter. PNC Financial Services Group Inc. now owns 102,100 shares of the financial services provider's stock worth $618,000 after purchasing an additional 101,100 shares during the period. Finally, Bank of America Corp DE lifted its holdings in America First Multifamily Investors by 9.5% in the first quarter. Bank of America Corp DE now owns 99,978 shares of the financial services provider's stock worth $605,000 after purchasing an additional 8,697 shares during the period. Institutional investors own 8.82% of the company's stock.
Get America First Multifamily Investors alerts:Analysts Set New Price Targets
Separately, StockNews.com began coverage on America First Multifamily Investors in a report on Wednesday, October 12th. They set a "hold" rating on the stock.
America First Multifamily Investors Trading Down 2.1 %
Shares of NASDAQ ATAX opened at $18.66 on Tuesday. The stock has a market cap of $415.13 million, a price-to-earnings ratio of 6.48 and a beta of 0.59. The business has a 50 day simple moving average of $18.18 and a 200 day simple moving average of $18.59. America First Multifamily Investors, L.P. has a 52 week low of $16.53 and a 52 week high of $20.85. The company has a debt-to-equity ratio of 3.28, a quick ratio of 17.76 and a current ratio of 17.76.America First Multifamily Investors Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, September 29th. This represents a $1.48 dividend on an annualized basis and a yield of 7.93%. America First Multifamily Investors's payout ratio is currently 51.42%.
America First Multifamily Investors Profile
(Get Rating)
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.
Recommended Stories
- Get a free copy of the StockNews.com research report on America First Multifamily Investors (ATAX)
- Zoom Video Continues to Work Through Normalization
- What an Inverted Yield Curve Means for Investors
- These 3 Apparel Stocks Are Fit for a Comeback
- Will Sell-Side Support Drive Deer & Co To New Highs?
- Is Snowflake Poised for A Rebound After Its Recent Tumble?
Receive News & Ratings for America First Multifamily Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America First Multifamily Investors and related companies with MarketBeat.com's FREE daily email newsletter.