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

Key Points

• AMREP's stock has received a "Hold (C+)" rating from Weiss Ratings, with a consensus rating of "Hold" by analysts.
• Shares of AMREP (NYSE:AXR) increased by 2.0%, trading at $23.97 with a market cap of $127.28 million and a PE ratio of 9.67.
• Institutional investors collectively own 59.85% of AMREP's stock, indicating significant interest from hedge funds in the company's performance.

AMREP (NYSE:AXR - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised AMREP from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, AMREP presently has a consensus rating of "Hold".

AMREP Trading Up 2.0%

Shares of AXR stock traded up $0.48 during trading hours on Friday, reaching $23.97. 7,845 shares of the company's stock were exchanged, compared to its average volume of 14,391. AMREP has a 1 year low of $17.60 and a 1 year high of $39.67. The stock has a market cap of $127.28 million, a PE ratio of 9.67 and a beta of 1.26. The stock's fifty day moving average price is $23.44 and its two-hundred day moving average price is $22.50.

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

Institutional Investors Weigh In On AMREP

A number of hedge funds have recently bought and sold shares of the stock. Robotti Robert raised 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 purchasing an additional 22,990 shares in the last quarter. Cerity Partners LLC raised 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 purchasing an additional 12,767 shares in the last quarter. Cresset Asset Management LLC raised 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 purchasing an additional 488 shares in the last quarter. Truffle Hound Capital LLC raised 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 purchasing an additional 64,524 shares in the last quarter. Finally, Gate City Capital Management LLC raised 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 purchasing an additional 75,661 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company's stock.

About AMREP

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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