America First Multifamily Investors, L.P. - Beneficial Unit Certificates (BUCs) representing Limited Partnership Interests (ATAX): Price and Financial Metrics


Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 30 in REITs - Mortgage

See all "A" rated Strong Buy stocks

ATAX Stock Summary

  • ATAX's went public 34.2 years ago, making it older than 92.75% of listed US stocks we're tracking.
  • For ATAX, its debt to operating expenses ratio is greater than that reported by 97.24% of US equities we're observing.
  • As for revenue growth, note that ATAX's revenue has grown -29.28% over the past 12 months; that beats the revenue growth of merely 6.58% of US companies in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to America First Multifamily Investors Lp are DRH, CTO, STWD, OFC, and SNR.
  • Visit ATAX's SEC page to see the company's official filings. To visit the company's web site, go to www.ataxfund.com.
ATAX Daily Price Range
ATAX 52-Week Price Range

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ATAX Price/Volume Stats

Current price $4.89 52-week high $8.18
Prev. close $4.79 52-week low $3.76
Day low $4.80 Volume 152,626
Day high $5.08 Avg. volume 250,082
50-day MA $4.95 Dividend yield 10.44%
200-day MA $6.89 Market Cap 296.07M

America First Multifamily Investors, L.P. - Beneficial Unit Certificates (BUCs) representing Limited Partnership Interests (ATAX) Company Bio


America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds that have been issued to provide construction and/or permanent financing for multifamily and student housing, and commercial properties. The company was founded in 1998 and is based in Omaha, Nebraska.

ATAX Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target:Forecasted Gain:
$4.89$19.11316%

Below please find a table outlining a discounted cash flow forecast for ATAX, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that America First Multifamily Investors Lp ranked in the 77th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 318.33% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for ATAX, they are:

  • The company's balance sheet shows it gets 34% of its capital from equity, and 66% of its capital from debt. Its equity weight surpasses that of just 15.13% of free cash flow generating stocks in the Financial Services sector.
  • America First Multifamily Investors Lp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 21.93% of US stocks with positive free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%308%
1%312%
2%316%
3%320%
4%325%
5%329%

For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ATAX, try WRLD, MMAC, OXSQ, EV, and ACGL.


ATAX Latest News Stream


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Latest ATAX News From Around the Web

Below are the latest news stories about America First Multifamily Investors Lp that investors may wish to consider to help them evaluate ATAX as an investment opportunity.

America First Multifamily Investors, L.P. Announces Second Quarter of 2020 Distribution

On May 22, 2020, America First Multifamily Investors, L.P. (ATAX) (the “Partnership” or “ATAX”) announced that the Board of Managers of Greystone AF Manager LLC, which is the general partner of America First Capital Associates Limited Partnership Two, the Partnership’s general partner (the “General Partner”), declared a quarterly cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.06 per BUC, payable on July 31, 2020 to BUC holders of record as of the close of trading on June 30, 2020. In response to the effects of COVID-19, the Partnership is focusing on maintaining financial flexibility and the optionality to pursue attractive investment opportunities created by the current economic environment for the long-term benefit of its unitholders.

Yahoo | May 22, 2020

Edited Transcript of ATAX earnings conference call or presentation 7-May-20 8:30pm GMT

Q1 2020 America First Multifamily Investors LP Earnings Call

Yahoo | May 11, 2020

America First Multifamily Investors, L.P. Reports Total Revenues of $13.7 Million in First Quarter 2020

In April 2020, the Partnership terminated its debt financing arrangements with Deutsche Bank AG (“Deutsche Bank”) and entered into replacement debt financing arrangements with Mizuho Capital Markets LLC (“Mizuho”). The Partnership also terminated its Master Trust Agreement with Deutsche Bank and is no longer subject to its financial and non-financial covenant provisions.

Yahoo | May 6, 2020

America First Multifamily Investors, L.P. Announces Significant Debt Refinancing and Business Update

America First Multifamily Investors, L.P. (NASDAQ:  ATAX) (the “Partnership” or “ATAX”) announced today that on April 30, 2020, it terminated all of the Partnership’s outstanding debt financing arrangements with Deutsche Bank AG (“Deutsche Bank”). The Partnership repaid outstanding principal totaling approximately $51.8 million that previously had fixed interest rates ranging from 4.01% to 4.53%. In addition, the Partnership terminated its Master Trust Agreement with Deutsche Bank and is no longer subject to its financial and non-financial covenant provisions.

Yahoo | May 4, 2020

America First Multifamily Investors, L.P. Schedules First Quarter 2020 Earnings Conference Call for Thursday, May 7, 2020 at 4:30 p.m. Eastern Time

America First Multifamily Investors, L.P. (ATAX) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, May 7, 2020 at 4:30 p.m. Eastern Time to discuss the Partnership’s First Quarter 2020 results. Participants may dial 1-855-854-0934, (International Participants may dial 1-720-634-2907), Conference ID# 5775663 ten minutes before the earnings call is scheduled to begin, to listen to the audio portion only. America First Multifamily Investors, L.P. was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable mu...

Yahoo | April 23, 2020

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ATAX Price Returns

1-mo 5.62%
3-mo -32.55%
6-mo -32.99%
1-year -25.95%
3-year 4.00%
5-year 31.27%
YTD -35.09%
2019 46.58%
2018 1.02%
2017 21.87%
2016 16.78%
2015 5.39%

ATAX Dividends

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