AMREP (NYSE:AXR) Rating Lowered to "Hold" at Freedom Capital

Key Points

• Freedom Capital downgraded AMREP (NYSE:AXR) from "strong-buy" to "hold," while Weiss Ratings reiterated a "hold (c)," leaving the consensus analyst rating at Hold.
• AMREP reported quarter results of $0.58 EPS on $14.57M revenue (both slight beats), and the stock trades with a market cap of $145.5M, a P/E of 11.42 and a 52-week range of $17.60–$29.00.
• Insiders are active buyers — major shareholder James H. Dahl bought 6,124 shares at $21.60 and insiders now own 37.2% of the company, while institutional investors own about 59.85%.

AMREP (NYSE:AXR - Get Free Report) was downgraded by investment analysts at Freedom Capital from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of AMREP in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, AMREP has an average rating of "Hold".

AMREP Price Performance

Shares of NYSE:AXR opened at $27.41 on Tuesday. AMREP has a one year low of $17.60 and a one year high of $29.00. The company has a 50 day moving average of $25.27 and a 200-day moving average of $22.93. The stock has a market cap of $145.53 million, a price-to-earnings ratio of 11.42 and a beta of 1.23.

AMREP (NYSE:AXR - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The company had revenue of $14.57 million during the quarter, compared to analysts' expectations of $14.03 million.

Insider Transactions at AMREP

In other news, major shareholder James H. Dahl acquired 6,124 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average price of $21.60 per share, for a total transaction of $132,278.40. Following the completion of the acquisition, the insider owned 440,698 shares in the company, valued at $9,519,076.80. This trade represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 29,742 shares of company stock worth $731,280 in the last ninety days. 37.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Robotti Robert grew its holdings in AMREP by 0.8% during the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider's stock valued at $9,809,000 after purchasing an additional 4,327 shares during the period. Dimensional Fund Advisors LP grew its holdings in AMREP by 0.3% during 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 during the period. Cerity Partners LLC grew its holdings in AMREP by 0.4% during 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 during the period. Truffle Hound Capital LLC grew its holdings in AMREP by 31.0% during the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after purchasing an additional 35,476 shares during the period. Finally, Gate City Capital Management LLC grew its holdings in AMREP by 271.0% during the second quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider's stock valued at $2,168,000 after purchasing an additional 75,661 shares during the period. Institutional investors and hedge funds own 59.85% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.