Key Points
- Major shareholder James Dahl bought 5,000 AMREP shares on May 20 at an average price of $24.50, spending $122,500. After the purchase, he owned 493,133 shares, a 1.02% increase in his position.
- AMREP recently reported better-than-expected quarterly results, with EPS of $0.58 versus the $0.57 consensus and revenue of $14.57 million versus expectations of $14.03 million.
- Wall Street sentiment on AXR remains mixed, with an average rating of “Hold”; institutional investors own about 59.85% of the company’s stock.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl purchased 5,000 shares of AMREP stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $122,500.00. Following the transaction, the insider directly owned 493,133 shares of the company's stock, valued at approximately $12,081,758.50. This represents a 1.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
AMREP Stock Performance
Shares of AXR opened at $25.83 on Friday. The stock has a market capitalization of $137.00 million, a PE ratio of 10.76 and a beta of 1.15. AMREP Corporation has a 1 year low of $17.61 and a 1 year high of $29.00. The company's 50-day simple moving average is $26.93 and its 200-day simple moving average is $23.50.
AMREP (NYSE:AXR - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share (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 analysts' expectations of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.
Institutional Trading of AMREP
Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in AMREP by 65.0% in the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider's stock valued at $31,000 after acquiring an additional 650 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in AMREP during the first quarter worth approximately $46,000. Barclays PLC raised its holdings in AMREP by 781.7% during the fourth 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 raised its holdings in AMREP by 42.1% during the first 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 acquired a new stake in AMREP during the third quarter worth approximately $453,000. Institutional investors and hedge funds own 59.85% of the company's stock.
Wall Street Analysts Forecast Growth
AXR has been the topic of several analyst reports. Freedom Capital cut shares of AMREP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of AMREP from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AMREP presently has an average rating of "Hold".
Read Our Latest Stock Analysis on AMREP
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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