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

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $27.74 per share, for a total transaction of $138,700.00. Following the completion of the transaction, the insider owned 483,977 shares in the company, valued at $13,425,521.98. The trade was a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Trading Up 0.5%

NYSE:AXR traded up $0.15 during mid-day trading on Friday, hitting $27.70. The stock had a trading volume of 18,079 shares, compared to its average volume of 8,862. The stock has a market capitalization of $147.08 million, a price-to-earnings ratio of 11.54 and a beta of 1.23. The company has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $23.31. AMREP Corporation has a 52 week low of $17.61 and a 52 week high of $29.00.

AMREP (NYSE:AXR) last issued its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $14.57 million for 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%.

Institutional Trading of AMREP

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Peapod Lane Capital LLC raised its position in shares of AMREP by 1.1% during the 3rd quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider’s stock worth $1,094,000 after buying an additional 503 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $3,670,000 after buying an additional 527 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AMREP by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after buying an additional 574 shares in the last quarter. NBC Securities Inc. raised 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 worth $31,000 after buying an additional 650 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after buying an additional 665 shares in the last quarter. 59.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXR has been the topic of several recent research reports. Wall Street Zen upgraded shares of AMREP to a “hold” rating in a research report on Saturday, April 18th. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AMREP has an average 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.