AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 5,000 Shares of Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was bought at an average cost of $25.67 per share, with a total value of $128,350.00. Following the completion of the acquisition, the insider directly owned 465,198 shares in the company, valued at approximately $11,941,632.66. This represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Performance

Shares of NYSE AXR opened at $24.72 on Friday. The stock has a market capitalization of $131.28 million, a P/E ratio of 12.68 and a beta of 1.44. The stock’s fifty day moving average is $21.67 and its 200 day moving average is $22.16. AMREP Corporation has a 52 week low of $17.60 and a 52 week high of $28.71.

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

Hedge Funds Weigh In On AMREP

A number of institutional investors have recently added to or reduced their stakes in the stock. Peapod Lane Capital LLC increased its holdings in AMREP by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider’s stock worth $1,094,000 after purchasing an additional 503 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $3,670,000 after purchasing an additional 527 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after purchasing an additional 574 shares during the last quarter. NBC Securities Inc. increased its stake 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 valued at $31,000 after buying an additional 650 shares during the period. Finally, Cerity Partners LLC raised its holdings in AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after buying an additional 665 shares during 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 reissued a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock 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.