AMREP (NYSE:AXR) Releases Quarterly Earnings Results

AMREP (NYSE:AXR) released its quarterly earnings results on Friday. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.39), FiscalAI reports. The firm had revenue of $6.05 million during the quarter, compared to analyst estimates of $14.27 million. AMREP had a net margin of 19.47% and a return on equity of 7.47%.

AMREP Trading Up 0.1%

Shares of AXR opened at $23.00 on Friday. The stock has a market capitalization of $122.33 million, a price-to-earnings ratio of 12.10 and a beta of 1.10. AMREP has a 12 month low of $17.61 and a 12 month high of $29.01. The firm has a fifty day simple moving average of $23.68 and a 200 day simple moving average of $25.40.

Insider Buying and Selling at AMREP

In other AMREP news, major shareholder James H. Dahl purchased 3,075 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $25.58 per share, with a total value of $78,658.50. Following the transaction, the insider directly owned 501,708 shares of the company’s stock, valued at $12,833,690.64. This represents a 0.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Adrienne Uleau sold 4,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $23.49, for a total transaction of $93,960.00. Following the sale, the chief financial officer directly owned 6,574 shares in the company, valued at $154,423.26. This trade represents a 37.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 37.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXR. Barclays PLC increased its position 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 purchasing an additional 2,478 shares during the last quarter. Crossingbridge Advisors LLC grew its stake in shares of AMREP by 30.0% in the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock valued at $1,222,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AMREP by 0.3% in 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 buying an additional 527 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in AMREP during the fourth quarter worth $1,222,000. Finally, Robotti Robert increased its holdings in AMREP by 0.8% during the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after buying an additional 4,327 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded AMREP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, AMREP presently has an average rating of “Hold”.

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.