AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 1,519 Shares of Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 1,519 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was purchased at an average cost of $27.25 per share, with a total value of $41,392.75. Following the acquisition, the insider directly owned 478,977 shares of the company’s stock, valued at $13,052,123.25. This trade represents a 0.32% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Trading Up 0.3%

Shares of AXR opened at $27.36 on Tuesday. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.00. The firm has a market capitalization of $145.28 million, a P/E ratio of 11.40 and a beta of 1.23. The firm has a 50-day moving average price of $26.32 and a 200 day moving average price of $23.06.

AMREP (NYSE:AXR) last released its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating 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 firm had revenue of $14.57 million for the quarter, compared to analysts’ expectations of $14.03 million.

Institutional Trading of AMREP

Several institutional investors have recently added to or reduced their stakes in AXR. Barclays PLC boosted its holdings in 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 acquiring an additional 2,478 shares during the period. Crossingbridge Advisors LLC boosted its holdings in AMREP by 30.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock valued at $1,222,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AMREP by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after acquiring an additional 527 shares during the period. AlphaCentric Advisors LLC purchased a new position in AMREP during the 4th quarter valued at about $1,222,000. Finally, Robotti Robert boosted its holdings in AMREP by 0.8% during the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock valued at $9,809,000 after acquiring an additional 4,327 shares during the period. Institutional investors and hedge funds own 59.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AXR shares. Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. Wall Street Zen upgraded shares of AMREP to a “hold” rating in a report on Saturday. Finally, Freedom Capital lowered shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.