Key Points
- James Dahl, a major shareholder, bought 1,000 AMREP shares on April 17 at an average price of $27.66 (total $27,660), increasing his stake to 477,458 shares (a 0.21% rise, valued at about $13.21M).
- AXR opened at $27.36 and trades near its 50‑day/200‑day moving averages of $26.32/$23.06, with a 12‑month range of $17.61–$29.00, a market cap of $145.3M and a P/E of 11.4.
- AMREP beat expectations last quarter with $0.58 EPS (vs. $0.57 est.) and $14.57M revenue; analysts’ consensus is a "Hold" and institutional investors own about 59.85% of the shares.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl bought 1,000 shares of the stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of $27.66 per share, for a total transaction of $27,660.00. Following the acquisition, the insider owned 477,458 shares in the company, valued at $13,206,488.28. The trade was a 0.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
AMREP Stock Performance
AXR opened at $27.36 on Tuesday. The firm's 50-day simple moving average is $26.32 and its 200-day simple moving average is $23.06. AMREP Corporation has a twelve month low of $17.61 and a twelve month high of $29.00. The firm has a market cap of $145.28 million, a price-to-earnings ratio of 11.40 and a beta of 1.23.
AMREP (NYSE:AXR - Get Free Report) last announced its earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million. AMREP had a return on equity of 9.58% and a net margin of 24.40%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on AXR shares. Freedom Capital downgraded AMREP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Wall Street Zen raised AMREP to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AMREP in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AMREP has an average rating of "Hold".
Get Our Latest Stock Report on AXR
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in shares of AMREP by 7.4% in the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider's stock valued at $968,000 after purchasing an additional 3,344 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of AMREP by 42.1% in the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock valued at $208,000 after purchasing an additional 3,077 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of AMREP in the first quarter valued at approximately $46,000. 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 valued at $703,000 after purchasing an additional 574 shares in the last quarter. Finally, Truffle Hound Capital LLC increased its holdings in shares of AMREP by 31.0% in the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after purchasing an additional 35,476 shares in the last quarter. 59.85% of the stock is owned by institutional investors.
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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