Truist Financial Corp Decreases Stock Position in America First Multifamily Investors, L.P. (NASDAQ:ATAX)

Truist Financial Corp decreased its stake in shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX – Get Rating) by 67.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,400 shares of the financial services provider’s stock after selling 25,500 shares during the quarter. Truist Financial Corp owned approximately 0.06% of America First Multifamily Investors worth $75,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Samalin Investment Counsel LLC increased its stake in shares of America First Multifamily Investors by 3.0% during the fourth quarter. Samalin Investment Counsel LLC now owns 165,947 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 4,776 shares during the period. Cetera Investment Advisers lifted its position in shares of America First Multifamily Investors by 1.4% during the 4th quarter. Cetera Investment Advisers now owns 147,320 shares of the financial services provider’s stock worth $947,000 after purchasing an additional 2,103 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of America First Multifamily Investors by 18.6% during the fourth quarter. Private Advisor Group LLC now owns 34,424 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 5,387 shares in the last quarter. Williams Jones Wealth Management LLC. purchased a new position in America First Multifamily Investors in the fourth quarter valued at $64,000. Finally, Equitable Holdings Inc. raised its stake in America First Multifamily Investors by 6.6% in the fourth quarter. Equitable Holdings Inc. now owns 29,192 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 33.31% of the company’s stock.

America First Multifamily Investors Trading Up 0.7 %

Shares of America First Multifamily Investors stock opened at $19.68 on Monday. The company has a current ratio of 24.97, a quick ratio of 24.97 and a debt-to-equity ratio of 2.76. The company has a fifty day simple moving average of $18.62 and a 200-day simple moving average of $18.54. The stock has a market cap of $433.31 million, a price-to-earnings ratio of 8.48 and a beta of 0.55. America First Multifamily Investors, L.P. has a 12-month low of $16.53 and a 12-month high of $21.21.

America First Multifamily Investors (NASDAQ:ATAX – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.72. America First Multifamily Investors had a net margin of 78.27% and a return on equity of 15.99%. The company had revenue of $19.21 million during the quarter, compared to the consensus estimate of $17.30 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. On average, equities analysts forecast that America First Multifamily Investors, L.P. will post 2.34 EPS for the current fiscal year.

America First Multifamily Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a $0.57 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $2.28 dividend on an annualized basis and a yield of 11.59%. This is a boost from America First Multifamily Investors’s previous quarterly dividend of $0.11. America First Multifamily Investors’s payout ratio is currently 63.79%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of America First Multifamily Investors in a report on Thursday, May 19th.

America First Multifamily Investors Company Profile

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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.

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