AMREP (NYSE:AXR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

AMREP Corporation (NYSE:AXR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.68 and traded as high as $28.57. AMREP shares last traded at $27.9950, with a volume of 20,487 shares changing hands.

Wall Street Analysts Forecast Growth

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

AMREP Trading Down 3.2%

The company’s 50-day moving average is $24.16 and its 200-day moving average is $22.74. The firm has a market cap of $143.83 million, a price-to-earnings ratio of 11.29 and a beta of 1.41.

AMREP (NYSE:AXR) last announced its quarterly earnings data 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 business had revenue of $14.57 million during the quarter, compared to the consensus estimate of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

Insider Activity at AMREP

In other AMREP news, major shareholder James H. Dahl acquired 6,124 shares of the company’s 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 represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders acquired 23,682 shares of company stock worth $568,565. 37.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC acquired a new stake in shares of AMREP in the 3rd quarter valued at approximately $1,196,000. Gate City Capital Management LLC grew its holdings in shares of AMREP by 271.0% during the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock valued at $2,168,000 after purchasing an additional 75,661 shares during the last quarter. Crossingbridge Advisors LLC increased its position in AMREP by 17.6% during the 2nd quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the business services provider’s stock worth $1,046,000 after purchasing an additional 7,500 shares in the last quarter. Truffle Hound Capital LLC lifted its stake 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 valued at $3,588,000 after purchasing an additional 35,476 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake 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 purchasing an additional 665 shares during the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.