Key Points
- AMREP major shareholder James Dahl bought 1,156 shares on May 13 at an average price of $24.72, spending about $28,576. The purchase lifted his direct holdings to 488,133 shares, worth roughly $12.07 million.
- AMREP shares opened at $25.09 and have traded between a 52-week low of $17.61 and high of $29.00. The company currently has a market cap of $133.23 million and a P/E ratio of 10.45.
- Recent results and analyst views were mixed but stable: AMREP beat quarterly EPS expectations and revenue estimates, while Wall Street’s consensus rating remains Hold after one downgrade and one upgrade.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl bought 1,156 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $24.72 per share, with a total value of $28,576.32. Following the purchase, the insider directly owned 488,133 shares of the company's stock, valued at approximately $12,066,647.76. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Major 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
Shares of NYSE:AXR opened at $25.09 on Friday. AMREP Corporation has a 52 week low of $17.61 and a 52 week high of $29.00. The company has a market capitalization of $133.23 million, a PE ratio of 10.45 and a beta of 1.15. The company has a 50 day moving average price of $26.81 and a two-hundred day moving average price of $23.40.
AMREP (NYSE:AXR - Get Free Report) last issued its earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The firm had revenue of $14.57 million during the quarter, compared to the consensus estimate of $14.03 million.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Freedom Capital cut AMREP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Wall Street Zen upgraded AMREP from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".
Check Out Our Latest Analysis on AMREP
Hedge Funds Weigh In On AMREP
A number of large investors have recently added to or reduced their stakes in AXR. NBC Securities Inc. increased its holdings in AMREP by 65.0% during 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 in the last quarter. Acadian Asset Management LLC bought a new position in AMREP during the 1st quarter worth about $46,000. Barclays PLC increased its holdings in AMREP by 781.7% during the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider's stock worth $53,000 after purchasing an additional 2,478 shares in the last quarter. Jane Street Group LLC increased its holdings 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 in the last quarter. Finally, Citadel Advisors LLC bought a new position in AMREP during the 3rd quarter worth about $453,000. 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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