AMREP (NYSE:AXR) Issues Quarterly Earnings Results, Misses Expectations By $0.39 EPS

AMREP (NYSE:AXR) released its earnings results on Friday. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.39), FiscalAI reports. AMREP had a return on equity of 7.47% and a net margin of 19.47%.The business had revenue of $6.05 million for the quarter, compared to analyst estimates of $14.27 million.

AMREP Stock Up 0.1%

Shares of NYSE:AXR opened at $23.00 on Friday. AMREP has a fifty-two week low of $17.61 and a fifty-two week high of $29.01. The firm’s 50 day moving average price is $23.68 and its 200 day moving average price is $25.40. The stock has a market cap of $122.33 million, a price-to-earnings ratio of 21.29 and a beta of 1.10.

Insider Activity at AMREP

In other news, CFO Adrienne Uleau sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $23.49, for a total value of $93,960.00. Following the sale, the chief financial officer directly owned 6,574 shares in the company, valued at approximately $154,423.26. This trade represents a 37.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James H. Dahl acquired 3,075 shares of AMREP stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of $25.58 per share, for a total transaction of $78,658.50. Following the completion of the acquisition, the insider directly owned 501,708 shares in the company, valued at approximately $12,833,690.64. This represents a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 37.40% of the company’s stock.

Institutional Trading of AMREP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaCentric Advisors LLC purchased a new position in shares of AMREP in the 4th quarter valued at $1,222,000. Citadel Advisors LLC acquired a new position in AMREP in the third quarter valued at $453,000. Crossingbridge Advisors LLC boosted its stake in AMREP by 30.0% in the fourth 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 in the last quarter. Susquehanna International Group LLP grew its holdings in shares of AMREP by 36.2% during the third quarter. Susquehanna International Group LLP now owns 21,989 shares of the business services provider’s stock worth $526,000 after purchasing an additional 5,840 shares during the last quarter. Finally, Robotti Robert increased its position in shares of AMREP by 0.8% during the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after purchasing an additional 4,327 shares in the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered AMREP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AMREP has an average rating of “Hold”.

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.