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

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 5,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $24.50 per share, for a total transaction of $122,500.00. Following the purchase, the insider owned 493,133 shares in the company, valued at approximately $12,081,758.50. This represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Performance

Shares of AXR stock opened at $25.83 on Friday. AMREP Corporation has a one year low of $17.61 and a one year high of $29.00. The company’s 50-day simple moving average is $26.93 and its 200-day simple moving average is $23.50. The stock has a market capitalization of $137.13 million, a price-to-earnings ratio of 10.76 and a beta of 1.15.

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

Institutional Investors Weigh In On AMREP

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. grew its position in shares of AMREP by 65.0% during the 4th 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 last quarter. Acadian Asset Management LLC bought a new stake in shares of AMREP during the 1st quarter valued at about $46,000. Barclays PLC grew its position in shares of AMREP by 781.7% during the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after buying an additional 2,478 shares during the last quarter. Jane Street Group LLC grew its position in shares of AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after buying an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of AMREP during the 3rd quarter valued at about $453,000. Institutional investors own 59.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently 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.