Key Points
- Major shareholder James Dahl purchased 2,000 AMREP shares on Feb. 27 at $25.98 totaling $51,960, increasing his stake to 467,198 shares (a 0.43% rise) valued at about $12.14 million.
- AMREP missed its recent quarterly expectations, reporting $0.22 EPS versus $0.44 expected and $9.4M revenue versus $14.97M expected, and carries a consensus Hold rating from analysts.
- Shares opened at $24.72 (down 1.6%), trading in a 52‑week range of $17.60–$28.71 with a market cap of ~$131.3M and a P/E of 12.68; institutional investors own about 59.85% of the stock.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl acquired 2,000 shares of the firm's stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $25.98 per share, with a total value of $51,960.00. Following the transaction, the insider owned 467,198 shares of the company's stock, valued at approximately $12,137,804.04. This trade represents a 0.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
AMREP Stock Down 1.6%
NYSE:AXR opened at $24.72 on Friday. AMREP Corporation has a 52 week low of $17.60 and a 52 week high of $28.71. The stock's 50-day moving average price is $21.67 and its 200-day moving average price is $22.16. The stock has a market capitalization of $131.28 million, a PE ratio of 12.68 and a beta of 1.44.
AMREP (NYSE:AXR - Get Free Report) last released its quarterly earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share 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 business had revenue of $9.40 million during the quarter, compared to analyst estimates of $14.97 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of AMREP in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, AMREP presently has a consensus rating of "Hold".
Check Out Our Latest Research Report on AXR
Hedge Funds Weigh In On AMREP
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of AMREP by 7.4% during the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider's stock worth $968,000 after purchasing an additional 3,344 shares in the last quarter. Jane Street Group LLC boosted its stake in AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after purchasing an additional 3,077 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of AMREP during the first quarter worth $46,000. Geode Capital Management LLC grew its holdings in shares of AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock worth $703,000 after buying an additional 574 shares in the last quarter. Finally, Truffle Hound Capital LLC raised its position in shares of AMREP by 129.0% in the second quarter. Truffle Hound Capital LLC now owns 114,524 shares of the business services provider's stock valued at $2,397,000 after buying an additional 64,524 shares during the last quarter. Hedge funds and other institutional investors own 59.85% of the company's stock.
AMREP Company Profile
(
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.
Further Reading
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