AMREP (NYSE:AXR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of AMREP (NYSE:AXR) to a hold rating in a report released on Saturday morning.

Other analysts have also recently issued reports about the stock. Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

AMREP Stock Performance

Shares of AXR stock opened at $27.26 on Friday. The firm has a market cap of $144.73 million, a price-to-earnings ratio of 11.36 and a beta of 1.23. AMREP has a 52 week low of $17.61 and a 52 week high of $29.00. The firm’s 50-day simple moving average is $26.19 and its two-hundred day simple moving average is $23.04.

AMREP (NYSE:AXR) last announced its quarterly earnings data 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 analyst estimates of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

Insiders Place Their Bets

In other news, major shareholder James H. Dahl bought 2,060 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average price of $27.92 per share, with a total value of $57,515.20. Following the acquisition, the insider owned 476,458 shares of the company’s stock, valued at approximately $13,302,707.36. The trade was a 0.43% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 29,742 shares of company stock worth $731,280. Corporate insiders own 37.20% of the company’s stock.

Institutional Trading of AMREP

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 acquiring an additional 650 shares during the period. Acadian Asset Management LLC bought a new stake in AMREP during the 1st quarter worth approximately $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 acquiring an additional 2,478 shares during the period. 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 acquiring an additional 3,077 shares during the period. Finally, Citadel Advisors LLC bought a new stake in AMREP during the 3rd quarter worth approximately $453,000. Institutional investors own 59.85% of the company’s stock.

About AMREP

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.