AMREP (NYSE:AXR – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
AMREP Stock Up 0.9 %
Shares of AXR stock opened at $26.36 on Monday. The company has a 50 day moving average price of $22.50 and a 200-day moving average price of $21.47. AMREP has a 52 week low of $15.38 and a 52 week high of $28.01. The firm has a market capitalization of $138.94 million, a PE ratio of 48.81 and a beta of 0.87.
AMREP (NYSE:AXR – Get Free Report) last announced its quarterly earnings results on Friday, September 13th. The business services provider reported $0.76 EPS 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 Transactions at AMREP
Hedge Funds Weigh In On AMREP
Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of AMREP in the fourth quarter worth approximately $119,000. Empowered Funds LLC boosted its position 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 worth $878,000 after purchasing an additional 2,800 shares during the period. Renaissance Technologies LLC boosted its position 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 worth $2,336,000 after purchasing an additional 2,514 shares during the period. Finally, Gate City Capital Management LLC bought a new position in shares of AMREP in the fourth quarter worth approximately $9,505,000. 59.85% of the stock is currently owned by institutional investors.
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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