AMREP (NYSE:AXR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

AMREP Corporation (NYSE:AXR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.85 and traded as high as $26.14. AMREP shares last traded at $25.5450, with a volume of 3,466 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on AXR shares. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Freedom Capital lowered shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AMREP has an average rating of “Hold”.

AMREP Stock Performance

The business’s 50 day simple moving average is $26.74 and its 200-day simple moving average is $23.85. The company has a market cap of $135.64 million, a price-to-earnings ratio of 10.64 and a beta of 1.11.

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

Insider Buying and Selling at AMREP

In other AMREP news, Director Timothy S. Mcnaney purchased 1,765 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was bought at an average cost of $28.17 per share, for a total transaction of $49,720.05. Following the completion of the acquisition, the director directly owned 1,765 shares in the company, valued at $49,720.05. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James H. Dahl purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of $27.74 per share, with a total value of $138,700.00. Following the completion of the acquisition, the insider owned 483,977 shares of the company’s stock, valued at approximately $13,425,521.98. The trade was a 1.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 28,500 shares of company stock worth $759,454 in the last quarter. Insiders own 37.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Mink Brook Asset Management LLC acquired a new position in shares of AMREP during the third quarter worth approximately $1,196,000. Truffle Hound Capital LLC raised its stake in shares of AMREP by 31.0% in the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock valued at $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of AMREP by 36.2% in the third quarter. Susquehanna International Group LLP now owns 21,989 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 5,840 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AMREP by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 34,202 shares of the business services provider’s stock valued at $643,000 after purchasing an additional 720 shares in the last quarter. Finally, Empowered Funds LLC raised its stake 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 in the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

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.