AMREP (NYSE:AXR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

AMREP (NYSE:AXR) released its earnings results on Thursday. The business services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01, FiscalAI reports. 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 22.86% and a return on equity of 7.98%.

AMREP Stock Down 1.1%

Shares of AMREP stock traded down $0.26 on Thursday, reaching $23.32. 2,525 shares of the stock were exchanged, compared to its average volume of 4,738. The business has a 50 day moving average price of $22.61 and a two-hundred day moving average price of $22.32. The firm has a market capitalization of $123.83 million, a price-to-earnings ratio of 11.96 and a beta of 1.41. AMREP has a twelve month low of $17.60 and a twelve month high of $28.71.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat.com, AMREP has an average rating of “Hold”.

Insider Transactions at AMREP

In other AMREP news, major shareholder James H. Dahl acquired 6,124 shares of the firm’s stock in a transaction 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 purchase, the insider owned 440,698 shares in the company, valued at approximately $9,519,076.80. The trade was a 1.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 23,682 shares of company stock worth $568,565. Company insiders own 37.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in AMREP by 781.7% during the fourth 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 during the period. Crossingbridge Advisors LLC grew its position in AMREP by 30.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of AMREP by 0.3% during the 4th 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 last quarter. AlphaCentric Advisors LLC acquired a new position in shares of AMREP in the 4th quarter valued at about $1,222,000. Finally, Robotti Robert lifted its holdings 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 buying an additional 4,327 shares during the period. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.