James Dahl Purchases 3,075 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 3,075 shares of AMREP stock in a transaction on Monday, June 22nd. The shares were acquired at an average cost of $25.58 per share, with a total value of $78,658.50. Following the completion of the transaction, the insider directly owned 501,708 shares in the company, valued at $12,833,690.64. The trade was a 0.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Trading Down 2.1%

Shares of AXR stock traded down $0.55 during trading hours on Wednesday, hitting $25.87. The company’s stock had a trading volume of 4,776 shares, compared to its average volume of 9,353. The company has a 50 day moving average of $26.30 and a 200 day moving average of $24.23. The stock has a market cap of $137.37 million, a PE ratio of 10.78 and a beta of 1.11. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.01.

Institutional Trading of AMREP

A number of hedge funds have recently added to or reduced their stakes in AXR. Dimensional Fund Advisors LP grew its position in 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 buying an additional 527 shares during the period. Geode Capital Management LLC raised its position in shares of AMREP by 1.7% in the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after acquiring an additional 574 shares during the period. NBC Securities Inc. raised its position in shares of AMREP by 65.0% in the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after acquiring an additional 650 shares during the period. Cerity Partners LLC boosted its stake in shares of 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 acquiring an additional 665 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of AMREP during the 1st quarter worth about $46,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXR has been the topic of several analyst reports. Freedom Capital downgraded AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised AMREP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen raised AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock 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.