AMREP (NYSE:AXR) Major Shareholder Buys $41,392.75 in Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 1,519 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average cost of $27.25 per share, with a total value of $41,392.75. Following the transaction, the insider owned 478,977 shares in the company, valued at $13,052,123.25. The trade was a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Stock Performance

Shares of NYSE:AXR opened at $27.98 on Thursday. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.00. The business has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $23.13. The firm has a market cap of $148.43 million, a price-to-earnings ratio of 11.66 and a beta of 1.23.

AMREP (NYSE:AXR) last issued its earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AXR shares. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded AMREP to a “hold” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On AMREP

Large investors have recently made changes to their positions in the company. NBC Securities Inc. grew its stake in shares of AMREP by 65.0% during the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 650 shares during the period. Acadian Asset Management LLC bought a new stake in shares of AMREP during the 1st quarter valued at about $46,000. Barclays PLC grew its stake 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 valued at $53,000 after purchasing an additional 2,478 shares during the period. Jane Street Group LLC grew its stake in shares of AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of AMREP during the 3rd quarter valued at about $453,000. 59.85% of the stock is currently owned by institutional investors.

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.