Key Points
- James Dahl, a major shareholder, bought 4,358 shares on Feb. 12 at an average price of $23.71 (about $103,328), increasing his stake by 0.98% to 448,056 shares (≈$10.62M).
- AMREP missed analysts' estimates for the most recent quarter with EPS of $0.22 versus $0.44 expected and revenue of $9.4M versus $14.97M, while the stock carries a market cap of $126.64M, a P/E of 12.23 and a 52‑week range of $17.60–$30.00.
- The consensus analyst rating is a Hold (one upgrade to Buy from Wall Street Zen), and institutional investors own about 59.85% of the company, with several funds recently adding to their positions.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl acquired 4,358 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of $23.71 per share, with a total value of $103,328.18. Following the completion of the transaction, the insider directly owned 448,056 shares in the company, valued at approximately $10,623,407.76. The trade was a 0.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
AMREP Stock Performance
Shares of NYSE:AXR opened at $23.85 on Friday. AMREP Corporation has a one year low of $17.60 and a one year high of $30.00. The stock has a market cap of $126.64 million, a PE ratio of 12.23 and a beta of 1.44. The business's fifty day moving average price is $20.50 and its two-hundred day moving average price is $21.93.
AMREP (NYSE:AXR - Get Free Report) last announced its 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). The firm had revenue of $9.40 million for the quarter, compared to analyst estimates of $14.97 million. AMREP had a return on equity of 7.98% and a net margin of 22.86%.
Wall Street Analysts Forecast Growth
AXR has been the topic of several recent analyst reports. Wall Street Zen upgraded AMREP from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. Weiss Ratings reissued a "hold (c)" rating on shares of AMREP in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".
View Our Latest Stock Report on AMREP
Institutional Investors Weigh In On AMREP
A number of institutional investors have recently added to or reduced their stakes in AXR. NBC Securities Inc. raised its holdings in shares of AMREP by 65.0% in the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider's stock worth $31,000 after purchasing an additional 650 shares during the period. Acadian Asset Management LLC acquired a new position in AMREP during the first quarter valued at approximately $46,000. Jane Street Group LLC grew its stake in AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after buying an additional 3,077 shares during the period. Ritholtz Wealth Management increased its position in shares of AMREP by 42.1% in the second quarter. Ritholtz Wealth Management now owns 17,375 shares of the business services provider's stock worth $364,000 after acquiring an additional 5,144 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of AMREP in the 3rd quarter valued at $453,000. Hedge funds and other institutional investors own 59.85% of the company's stock.
About AMREP
(
Get Free Report)
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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