AMREP Corporation (NYSE:AXR – Get Free Report) major shareholder James Dahl acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $26.16 per share, with a total value of $104,640.00. Following the completion of the acquisition, the insider directly owned 497,133 shares in the company, valued at approximately $13,004,999.28. This represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
AMREP Price Performance
AXR stock traded down $2.03 on Friday, reaching $24.99. The company’s stock had a trading volume of 63,040 shares, compared to its average volume of 10,025. AMREP Corporation has a 52 week low of $17.61 and a 52 week high of $29.01. The company has a market capitalization of $132.71 million, a P/E ratio of 10.41 and a beta of 1.15. The firm has a fifty day moving average of $26.99 and a two-hundred day moving average of $23.68.
AMREP (NYSE:AXR – Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.58% and a net margin of 24.40%.The business had revenue of $14.57 million during the quarter, compared to analyst estimates of $14.03 million.
Hedge Funds Weigh In On AMREP
Wall Street Analyst Weigh In
Several equities analysts have commented on AXR shares. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Freedom Capital cut 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, According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Analysis on AXR
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.
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