AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 3,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 3,000 shares of AMREP stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average cost of $23.48 per share, for a total transaction of $70,440.00. Following the completion of the purchase, the insider directly owned 443,698 shares of the company’s stock, valued at $10,418,029.04. This represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Trading Up 0.8%

Shares of NYSE AXR opened at $23.76 on Friday. The company has a market cap of $126.14 million, a price-to-earnings ratio of 12.18 and a beta of 1.44. AMREP Corporation has a 12 month low of $17.60 and a 12 month high of $30.83. The stock has a 50-day moving average price of $20.45 and a two-hundred day moving average price of $21.92.

AMREP (NYSE:AXR) last announced its quarterly earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.22). The company had revenue of $9.40 million for the quarter, compared to the consensus estimate of $14.97 million. AMREP had a net margin of 22.86% and a return on equity of 7.98%.

Institutional Investors Weigh In On AMREP

A number of institutional investors have recently added to or reduced their stakes in AXR. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 527 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in AMREP in the fourth quarter valued at $1,222,000. Robotti Robert raised its position in AMREP by 0.8% during the 4th 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 during the last quarter. Cerity Partners LLC raised its position in AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after purchasing an additional 665 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in AMREP by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 34,202 shares of the business services provider’s stock worth $643,000 after buying an additional 720 shares during the period. 59.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. Wall Street Zen upgraded AMREP from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently 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.