AMREP (NYSE:AXR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of AMREP (NYSE:AXR) from a hold rating to a buy rating in a report published on Saturday.

Separately, Freedom Capital cut AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

AMREP Stock Up 0.5%

AXR opened at $27.70 on Friday. The stock has a market capitalization of $147.08 million, a price-to-earnings ratio of 11.54 and a beta of 1.15. AMREP has a twelve month low of $17.61 and a twelve month high of $29.00. The company has a 50-day simple moving average of $26.87 and a 200 day simple moving average of $23.30.

AMREP (NYSE:AXR) last issued its earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $14.57 million during the quarter, compared to analysts’ expectations of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

Insider Transactions at AMREP

In related news, major shareholder James H. Dahl acquired 6,124 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was acquired at an average cost of $21.60 per share, for a total transaction of $132,278.40. Following the transaction, the insider directly owned 440,698 shares in the company, valued at $9,519,076.80. This trade represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have purchased 42,026 shares of company stock worth $1,072,303. 37.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Robotti Robert lifted its stake in shares of AMREP by 0.8% in the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock valued at $9,809,000 after acquiring an additional 4,327 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AMREP by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after acquiring an additional 527 shares during the last quarter. Cerity Partners LLC increased 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 worth $3,178,000 after purchasing an additional 665 shares in the last quarter. Truffle Hound Capital LLC increased its holdings in AMREP by 31.0% in the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock worth $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Crossingbridge Advisors LLC raised its position 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 purchasing an additional 15,000 shares during the last quarter. 59.85% of the stock is currently 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.