AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 1,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 1,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were bought at an average price of $27.66 per share, for a total transaction of $27,660.00. Following the acquisition, the insider owned 477,458 shares in the company, valued at approximately $13,206,488.28. This trade represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Trading Up 0.3%

Shares of NYSE:AXR opened at $27.36 on Tuesday. AMREP Corporation has a 1-year low of $17.61 and a 1-year high of $29.00. The firm has a market capitalization of $145.28 million, a PE ratio of 11.40 and a beta of 1.23. The business’s 50 day moving average is $26.32 and its 200-day moving average is $23.06.

AMREP (NYSE:AXR) last announced its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. AMREP had a return on equity of 9.58% and a net margin of 24.40%.The company had revenue of $14.57 million for the quarter, compared to analyst estimates of $14.03 million.

Hedge Funds Weigh In On AMREP

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of AMREP by 781.7% in 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. Crossingbridge Advisors LLC raised its holdings in shares of AMREP by 30.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after buying an additional 527 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of AMREP in the 4th quarter worth approximately $1,222,000. Finally, Robotti Robert grew its holdings in shares of AMREP by 0.8% in the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after purchasing an additional 4,327 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of AMREP to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, AMREP currently 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.