Key Points
- Director Timothy Mcnaney bought 1,765 shares of AMREP on April 21 at an average price of $28.17, a $49,720.05 transaction that leaves him owning 1,765 shares.
- AMREP reported quarterly EPS of $0.58 (vs. $0.57 consensus) on $14.57M revenue; the stock has a market cap of ~$148.4M, a P/E of 11.66, and a 52-week range of $17.61–$29.00.
- Analysts’ consensus is a Hold after recent rating changes, and institutions currently own about 59.85% of the company.
AMREP Corporation (NYSE:AXR - Get Free Report) Director Timothy Mcnaney purchased 1,765 shares of the company's stock in a transaction that occurred on Tuesday, April 21st. The shares were purchased at an average price of $28.17 per share, with a total value of $49,720.05. Following the completion of the transaction, the director directly owned 1,765 shares of the company's stock, valued at $49,720.05. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
AMREP Stock Performance
Shares of AXR opened at $27.98 on Thursday. AMREP Corporation has a one year low of $17.61 and a one year high of $29.00. The stock has a market capitalization of $148.43 million, a price-to-earnings ratio of 11.66 and a beta of 1.23. The stock has a 50 day moving average price of $26.51 and a 200 day moving average price of $23.13.
AMREP (NYSE:AXR - Get Free Report) last issued its quarterly 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. AMREP had a return on equity of 9.58% and a net margin of 24.40%.The firm had revenue of $14.57 million during the quarter, compared to analysts' expectations of $14.03 million.
Analyst Ratings Changes
A number of research analysts have weighed in on AXR shares. Weiss Ratings reissued a "hold (c)" rating on shares of AMREP in a research note on Monday, December 29th. Wall Street Zen raised shares of AMREP to a "hold" rating in a research note on Saturday, April 18th. Finally, Freedom Capital lowered shares of AMREP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
Read Our Latest Analysis on AMREP
Institutional Trading of AMREP
Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in AMREP by 781.7% in the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider's stock valued at $53,000 after buying an additional 2,478 shares in the last quarter. Crossingbridge Advisors LLC grew its holdings in AMREP by 30.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider's stock valued at $1,222,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 in the last quarter. AlphaCentric Advisors LLC purchased a new stake in AMREP in the 4th quarter valued at $1,222,000. Finally, Robotti Robert increased its holdings in shares of AMREP by 0.8% during the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider's stock worth $9,809,000 after buying an additional 4,327 shares during the last quarter. 59.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
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