AMREP (NYSE:AXR) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

AMREP (NYSE:AXR) issued its quarterly earnings data on Thursday. The business services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01, FiscalAI reports. The firm had revenue of $14.57 million for the quarter, compared to analyst estimates of $14.03 million. AMREP had a return on equity of 7.98% and a net margin of 22.86%.

AMREP Price Performance

NYSE:AXR traded down $0.26 during mid-day trading on Thursday, reaching $23.32. The stock had a trading volume of 2,525 shares, compared to its average volume of 4,729. AMREP has a 12 month low of $17.60 and a 12 month high of $28.71. The stock has a market capitalization of $123.83 million, a PE ratio of 11.96 and a beta of 1.41. The stock has a 50-day simple moving average of $22.61 and a two-hundred day simple moving average of $22.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Buying and Selling at AMREP

In other AMREP news, major shareholder James H. Dahl purchased 3,200 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average price of $25.69 per share, for a total transaction of $82,208.00. Following the purchase, the insider owned 470,398 shares in the company, valued at approximately $12,084,524.62. This trade represents a 0.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 23,682 shares of company stock valued at $568,565. Company insiders own 37.20% of the company’s stock.

Institutional Trading of AMREP

Several large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in AMREP during the first quarter worth about $46,000. Barclays PLC boosted its stake in shares of AMREP by 781.7% in the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 2,478 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of AMREP during the 3rd quarter valued at approximately $453,000. Finally, Susquehanna International Group LLP increased its position in AMREP by 36.2% during the 3rd 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 in the last quarter. 59.85% of the stock is 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.