AMREP (NYSE:AXR – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
AMREP Stock Performance
Shares of NYSE:AXR opened at $26.36 on Monday. The firm has a fifty day moving average price of $22.50 and a 200 day moving average price of $21.47. AMREP has a fifty-two week low of $15.38 and a fifty-two week high of $28.01. The firm has a market cap of $138.94 million, a price-to-earnings ratio of 48.81 and a beta of 0.87.
AMREP (NYSE:AXR – Get Free Report) last issued its earnings results on Friday, September 13th. The business services provider reported $0.76 earnings per share for the quarter. AMREP had a net margin of 13.02% and a return on equity of 5.85%. The firm had revenue of $19.09 million during the quarter.
Insider Buying and Selling at AMREP
Institutional Investors Weigh In On AMREP
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gate City Capital Management LLC purchased a new stake in shares of AMREP in the fourth quarter valued at $9,505,000. Renaissance Technologies LLC raised its stake in shares of AMREP by 2.1% in the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock valued at $2,336,000 after acquiring an additional 2,514 shares during the period. Empowered Funds LLC raised its stake in shares of AMREP by 8.0% in the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock valued at $878,000 after acquiring an additional 2,800 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at $119,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.
AMREP Company Profile
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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