AMREP (NYSE:AXR) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

AMREP Corporation (NYSE:AXR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.17 and traded as low as $18.87. AMREP shares last traded at $19.0050, with a volume of 5,335 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AXR. Wall Street Zen raised AMREP from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

AMREP Trading Down 0.6%

The stock has a fifty day moving average of $20.62 and a two-hundred day moving average of $22.17. The stock has a market capitalization of $100.92 million, a price-to-earnings ratio of 9.75 and a beta of 1.45.

AMREP (NYSE:AXR) last announced its earnings results on Friday, December 12th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.22). AMREP had a return on equity of 7.98% and a net margin of 22.86%.The business had revenue of $9.40 million for the quarter, compared to the consensus estimate of $14.97 million.

Hedge Funds Weigh In On AMREP

Institutional investors have recently modified their holdings of the stock. Peapod Lane Capital LLC grew its stake in shares of AMREP by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 503 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AMREP by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after buying an additional 574 shares in the last quarter. Acadian Asset Management LLC bought a new position in AMREP in the 1st quarter valued at $46,000. Jane Street Group LLC increased its stake in shares of AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after buying an additional 3,077 shares during the period. Finally, Empowered Funds LLC raised its position in shares of AMREP by 7.4% during the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider’s stock worth $968,000 after acquiring an additional 3,344 shares during the last quarter. 59.85% of the stock is owned by institutional investors.

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.