AMREP (NYSE:AXR) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• AMREP's stock has received a "Hold (C+)" rating from Weiss Ratings while Wall Street Zen upgraded it to a "Buy," indicating differing analyst perspectives on its potential.
• The company's latest earnings report indicated $0.87 earnings per share with a net margin of 27.54%, showcasing its profitability.
• Institutional investors have been actively increasing their stakes, with several firms such as Gate City Capital Management raising positions by up to 271.0% in the second quarter.

AMREP (NYSE:AXR - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of AMREP from a "hold" rating to a "buy" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

AMREP Price Performance

Shares of AMREP stock traded down $0.13 during trading hours on Wednesday, reaching $23.13. The company's stock had a trading volume of 11,815 shares, compared to its average volume of 14,697. The firm has a 50 day moving average price of $23.06 and a 200-day moving average price of $22.15. AMREP has a one year low of $17.60 and a one year high of $39.67. The stock has a market cap of $122.79 million, a P/E ratio of 9.32 and a beta of 1.26.

AMREP (NYSE:AXR - Get Free Report) last posted its earnings results on Tuesday, September 9th. The business services provider reported $0.87 earnings per share for the quarter. AMREP had a net margin of 27.54% and a return on equity of 10.35%. The firm had revenue of $17.85 million for the quarter.

Institutional Investors Weigh In On AMREP

Several large investors have recently added to or reduced their stakes in the stock. Robotti Robert boosted its position in AMREP by 4.6% in the 1st quarter. Robotti Robert now owns 524,407 shares of the business services provider's stock valued at $10,514,000 after buying an additional 22,990 shares during the period. Cerity Partners LLC boosted its position in AMREP by 8.1% in the 1st quarter. Cerity Partners LLC now owns 171,124 shares of the business services provider's stock valued at $3,431,000 after buying an additional 12,767 shares during the period. Cresset Asset Management LLC boosted its position in AMREP by 0.4% in the 1st quarter. Cresset Asset Management LLC now owns 129,718 shares of the business services provider's stock valued at $2,601,000 after buying an additional 488 shares during the period. Truffle Hound Capital LLC boosted its position in AMREP by 129.0% in the 2nd quarter. Truffle Hound Capital LLC now owns 114,524 shares of the business services provider's stock valued at $2,397,000 after buying an additional 64,524 shares during the period. Finally, Gate City Capital Management LLC boosted its position in AMREP by 271.0% in the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider's stock valued at $2,168,000 after buying an additional 75,661 shares during the period. 59.85% of the stock is owned by hedge funds and other 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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