AMREP (NYSE:AXR) Releases Quarterly Earnings Results

AMREP (NYSE:AXRGet Free Report) issued its quarterly earnings results on Friday. The business services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.20), FiscalAI reports. The firm had revenue of $11.02 million during the quarter, compared to the consensus estimate of $12.36 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

AMREP Trading Down 1.1%

Shares of NYSE:AXR traded down $0.28 on Friday, hitting $25.12. The company had a trading volume of 1,115 shares, compared to its average volume of 8,834. The stock has a market cap of $133.29 million, a price-to-earnings ratio of 10.47 and a beta of 1.12. The stock has a 50 day moving average price of $25.68 and a 200 day moving average price of $25.15. AMREP has a 1-year low of $17.61 and a 1-year high of $29.01.

Insider Buying and Selling

In other news, major shareholder James H. Dahl acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $24.50 per share, with a total value of $122,500.00. Following the acquisition, the insider directly owned 493,133 shares in the company, valued at $12,081,758.50. This represents a 1.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have bought 21,231 shares of company stock valued at $556,625. 37.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMREP

A number of institutional investors have recently modified their holdings of AXR. Dimensional Fund Advisors LP raised its position in AMREP by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AMREP by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 574 shares in the last quarter. Cerity Partners LLC increased its stake in shares of AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after purchasing an additional 665 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of AMREP in the 1st quarter valued at $46,000. Finally, Barclays PLC raised its holdings in shares of 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 buying an additional 2,478 shares in the last quarter. Institutional investors own 59.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AXR shares. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings raised AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, AMREP presently has an average rating of “Hold”.

View Our Latest Analysis on AMREP

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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Earnings History for AMREP (NYSE:AXR)

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