Key Points
- Major shareholder James Dahl bought 3,200 AXR shares on March 3 at an average price of $25.69, increasing his stake to 470,398 shares (a 0.68% rise) in an SEC‑filed transaction.
- AMREP recently missed quarterly estimates—reporting $0.22 EPS vs. $0.44 expected and $9.4M revenue vs. $14.97M expected—and carries an average analyst rating of "Hold".
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl bought 3,200 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $25.69 per share, with a total value of $82,208.00. Following the purchase, the insider directly owned 470,398 shares of the company's stock, valued at $12,084,524.62. The trade was a 0.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
AMREP Trading Up 0.4%
NYSE AXR traded up $0.11 during trading hours on Thursday, reaching $25.80. 566 shares of the company's stock were exchanged, compared to its average volume of 4,950. The firm has a fifty day moving average of $22.07 and a 200-day moving average of $22.24. AMREP Corporation has a one year low of $17.60 and a one year high of $28.71. The stock has a market cap of $136.87 million, a PE ratio of 13.23 and a beta of 1.41.
AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings data on Friday, December 12th. The business services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.22). The business had revenue of $9.40 million during 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 Analyst Weigh In
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of AMREP in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".
Get Our Latest Research Report on AMREP
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Peapod Lane Capital LLC raised its holdings in AMREP by 1.1% in the third quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider's stock worth $1,094,000 after purchasing an additional 503 shares during the period. Dimensional Fund Advisors LP grew its stake in AMREP by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider's stock valued at $3,670,000 after acquiring an additional 527 shares during the period. Geode Capital Management LLC increased its holdings in shares of AMREP by 1.7% in the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock worth $703,000 after acquiring an additional 574 shares in the last quarter. NBC Securities Inc. raised its position in shares of AMREP by 65.0% during the fourth 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. Finally, Cerity Partners LLC grew its position in shares of 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 purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 59.85% of the company's stock.
AMREP Company Profile
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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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