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

Shares of AMREP Corporation (NYSE:AXR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.41 and traded as high as $25.04. AMREP shares last traded at $25.2480, with a volume of 2,599 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, 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, the company presently has an average rating of “Hold”.

AMREP Price Performance

The firm’s fifty day moving average price is $26.02 and its 200-day moving average price is $24.45. The company has a market cap of $135.87 million, a price-to-earnings ratio of 10.66 and a beta of 1.12.

Insider Buying and Selling

In other AMREP news, Director Timothy S. Mcnaney bought 1,765 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was acquired at an average cost of $28.17 per share, with a total value of $49,720.05. Following the completion of the purchase, the director directly owned 1,765 shares in the company, valued at approximately $49,720.05. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James H. Dahl purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was bought at an average cost of $27.74 per share, for a total transaction of $138,700.00. Following the purchase, the insider directly owned 483,977 shares in the company, valued at $13,425,521.98. This represents a 1.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 25,515 shares of company stock valued at $675,398 over the last three months. Corporate insiders own 37.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Robotti Robert lifted its position in shares of AMREP by 0.8% in 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. Dimensional Fund Advisors LP lifted its holdings in shares of 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 holdings in shares of AMREP by 0.4% in 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 in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of AMREP in the fourth quarter worth $1,222,000. Finally, Crossingbridge Advisors LLC grew its holdings in shares of AMREP by 30.0% during the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock valued at $1,222,000 after buying an additional 15,000 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.

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.