AMREP Corporation (NYSE:AXR – Get Free Report) major shareholder James Dahl acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $24.50 per share, with a total value of $122,500.00. Following the purchase, the insider directly owned 493,133 shares in the company, valued at approximately $12,081,758.50. This trade 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 the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
AMREP Price Performance
Shares of AXR stock traded down $0.11 during trading hours on Friday, reaching $25.83. 8,983 shares of the stock were exchanged, compared to its average volume of 9,148. The business’s fifty day moving average is $26.89 and its two-hundred day moving average is $23.48. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.00. The firm has a market capitalization of $137.13 million, a P/E ratio of 10.76 and a beta of 1.15.
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 analysts’ consensus estimates of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The company had revenue of $14.57 million during the quarter, compared to the consensus estimate of $14.03 million.
Hedge Funds Weigh In On AMREP
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AXR. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, AMREP has a consensus rating of “Hold”.
View Our Latest Analysis on AXR
AMREP Company Profile
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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