James Dahl Purchases 3,000 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 3,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average price of $23.48 per share, with a total value of $70,440.00. Following the transaction, the insider directly owned 443,698 shares of the company’s stock, valued at approximately $10,418,029.04. This trade represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

AMREP Trading Up 0.7%

Shares of AXR stock opened at $23.85 on Friday. The firm’s 50 day moving average is $20.50 and its 200 day moving average is $21.93. The stock has a market capitalization of $126.64 million, a P/E ratio of 12.23 and a beta of 1.44. AMREP Corporation has a 12 month low of $17.60 and a 12 month high of $30.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen upgraded AMREP from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. 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, According to MarketBeat, AMREP currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On AMREP

Institutional investors have recently added to or reduced their stakes in the business. Robotti Robert boosted its position in shares of AMREP by 0.8% during 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 raised its stake in AMREP by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares in the last quarter. Cerity Partners LLC lifted its position in AMREP by 0.4% during the fourth 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. Truffle Hound Capital LLC lifted its position in AMREP by 31.0% during the third 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, Gate City Capital Management LLC grew its stake in AMREP by 271.0% in the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock worth $2,168,000 after buying an additional 75,661 shares in the last quarter. 59.85% of the stock is currently owned by institutional investors.

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.