AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 1,156 Shares of Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 1,156 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $24.72 per share, with a total value of $28,576.32. Following the purchase, the insider owned 488,133 shares of the company’s stock, valued at approximately $12,066,647.76. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Up 3.1%

Shares of AXR opened at $25.09 on Friday. The stock has a market cap of $133.23 million, a price-to-earnings ratio of 10.45 and a beta of 1.15. AMREP Corporation has a 12 month low of $17.61 and a 12 month high of $29.00. The company has a 50-day moving average price of $26.81 and a two-hundred day moving average price of $23.40.

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

Hedge Funds Weigh In On AMREP

Several institutional investors have recently bought and sold shares of the business. NBC Securities Inc. raised its holdings in AMREP by 65.0% during the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after purchasing an additional 650 shares during the last quarter. Acadian Asset Management LLC bought a new stake in AMREP during the 1st quarter worth about $46,000. Barclays PLC raised 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 worth $53,000 after purchasing an additional 2,478 shares during the last quarter. Jane Street Group LLC raised its holdings in AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of AMREP in the 3rd quarter worth $453,000. Institutional investors own 59.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Freedom Capital lowered 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 from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently 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.