AMREP (NYSE:AXR) Stock Rating Lowered by Wall Street Zen

AMREP (NYSE:AXR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of AMREP in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

AMREP Stock Performance

Shares of AXR opened at $23.45 on Friday. The company has a market capitalization of $124.52 million, a price-to-earnings ratio of 9.46 and a beta of 1.26. AMREP has a fifty-two week low of $17.60 and a fifty-two week high of $39.67. The firm has a 50-day simple moving average of $23.14 and a 200-day simple moving average of $22.23.

AMREP (NYSE:AXR) last posted its quarterly earnings results on Tuesday, September 9th. The business services provider reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $17.85 million during the quarter. AMREP had a net margin of 27.54% and a return on equity of 10.35%.

Institutional Trading of AMREP

Several large investors have recently modified their holdings of AXR. Cerity Partners LLC grew its position in shares of AMREP by 8.1% in the first quarter. Cerity Partners LLC now owns 171,124 shares of the business services provider’s stock valued at $3,431,000 after purchasing an additional 12,767 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of AMREP in the first quarter valued at approximately $434,000. Robotti Robert grew its position in shares of AMREP by 4.6% in the first quarter. Robotti Robert now owns 524,407 shares of the business services provider’s stock valued at $10,514,000 after purchasing an additional 22,990 shares during the last quarter. Cresset Asset Management LLC grew its position in shares of AMREP by 0.4% in the first quarter. Cresset Asset Management LLC now owns 129,718 shares of the business services provider’s stock valued at $2,601,000 after purchasing an additional 488 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of AMREP by 7.4% in the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider’s stock valued at $968,000 after purchasing an additional 3,344 shares during the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

AMREP Company Profile

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.