AMREP (NYSE:AXR) Major Shareholder Purchases $78,658.50 in Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 3,075 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $25.58 per share, with a total value of $78,658.50. Following the completion of the purchase, the insider directly owned 501,708 shares in the company, valued at $12,833,690.64. The trade was a 0.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

AMREP Stock Down 0.0%

AXR opened at $25.59 on Friday. The business has a fifty day moving average of $26.18 and a 200 day moving average of $24.30. The stock has a market cap of $135.89 million, a P/E ratio of 10.66 and a beta of 1.11. AMREP Corporation has a 52-week low of $17.61 and a 52-week high of $29.01.

Wall Street Analysts Forecast Growth

AXR has been the subject of a number of research analyst reports. Freedom Capital lowered shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AMREP has an average rating of “Hold”.

Institutional Investors Weigh In On AMREP

Large investors have recently modified their holdings of the business. Barclays PLC boosted its stake in shares of 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 in the last quarter. Crossingbridge Advisors LLC raised its stake in AMREP by 30.0% in the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AMREP by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after buying an additional 527 shares during the period. AlphaCentric Advisors LLC purchased a new stake in AMREP during the fourth quarter worth $1,222,000. Finally, Robotti Robert boosted its position in 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 in the last quarter. Institutional investors 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.