Key Points
- James Dahl, a major AMREP shareholder, purchased 3,000 shares on Feb. 11 at $23.48 each for $70,440, increasing his holdings to 443,698 shares (a 0.68% ownership rise) valued at about $10.42M.
- AMREP reported quarterly EPS of $0.22, missing the $0.44 consensus and showing $9.4M in revenue versus $14.97M expected; the stock has a market cap of $126.1M, a PE of 12.18, and a 52‑week range of $17.60–$30.83.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was bought at an average cost of $23.48 per share, for a total transaction of $70,440.00. Following the completion of the purchase, the insider owned 443,698 shares of the company's stock, valued at $10,418,029.04. This trade represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
AMREP Stock Performance
NYSE:AXR opened at $23.76 on Friday. AMREP Corporation has a fifty-two week low of $17.60 and a fifty-two week high of $30.83. The company has a 50 day simple moving average of $20.45 and a two-hundred day simple moving average of $21.92. The company has a market capitalization of $126.14 million, a PE ratio of 12.18 and a beta of 1.44.
AMREP (NYSE:AXR - Get Free Report) last issued its quarterly earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.22). AMREP had a return on equity of 7.98% and a net margin of 22.86%.The firm had revenue of $9.40 million during the quarter, compared to analyst estimates of $14.97 million.
Institutional Investors Weigh In On AMREP
Large investors have recently bought and sold shares of the stock. Robotti Robert increased its stake in AMREP by 0.8% in the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider's stock valued at $9,809,000 after purchasing an additional 4,327 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider's stock valued at $3,670,000 after buying an additional 527 shares during the period. Cerity Partners LLC increased its position in AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider's stock valued at $3,178,000 after buying an additional 665 shares in the last quarter. Truffle Hound Capital LLC increased its position in AMREP by 31.0% in the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after buying an additional 35,476 shares in the last quarter. Finally, Gate City Capital Management LLC raised its stake in AMREP by 271.0% during the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider's stock worth $2,168,000 after buying an additional 75,661 shares during the period. 59.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AXR shares. Weiss Ratings reiterated a "hold (c)" rating on shares of AMREP in a report on Monday, December 29th. Wall Street Zen upgraded AMREP from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".
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About AMREP
(
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AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.
Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.
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