AMREP (NYSE:AXR) Raised to “Hold” at Wall Street Zen

AMREP (NYSE:AXR) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

AMREP Trading Down 0.1%

AXR opened at $27.26 on Friday. The company has a market cap of $144.59 million, a price-to-earnings ratio of 11.36 and a beta of 1.23. The company’s 50 day moving average is $26.19 and its 200 day moving average is $23.03. AMREP has a 12-month low of $17.61 and a 12-month high of $29.00.

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

Insiders Place Their Bets

In other news, major shareholder James H. Dahl purchased 6,124 shares of the stock in a transaction on Tuesday, February 10th. The shares were acquired at an average price of $21.60 per share, with a total value of $132,278.40. Following the completion of the acquisition, the insider directly owned 440,698 shares of the company’s stock, valued at $9,519,076.80. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 29,742 shares of company stock worth $731,280 over the last quarter. 37.20% of the stock is owned by insiders.

Hedge Funds Weigh In On AMREP

Several large investors have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC lifted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AMREP by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 574 shares in the last quarter. NBC Securities Inc. lifted its holdings in AMREP by 65.0% during the fourth 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 in the last quarter. Finally, Cerity Partners LLC lifted its holdings in AMREP by 0.4% during the fourth quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after purchasing an additional 665 shares in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.