AMREP (NYSE:AXR) Upgraded at Wall Street Zen

Key Points

• AMREP (NYSE:AXR) has been upgraded from a "hold" to a "buy" rating by research analysts at Wall Street Zen.
• The company reported $0.87 EPS with a net margin of 27.54% for the last quarter, alongside a revenue of $17.85 million.
• Institutional investors own approximately 59.85% of AMREP's stock, with several firms significantly increasing their stakes in recent quarters.

AMREP (NYSE:AXR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

AMREP Stock Performance

Shares of AMREP stock opened at $23.84 on Friday. The firm has a fifty day moving average of $22.36 and a two-hundred day moving average of $21.84. The stock has a market capitalization of $126.61 million, a price-to-earnings ratio of 9.61 and a beta of 1.15. AMREP has a 52 week low of $17.60 and a 52 week high of $39.67.

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

Institutional Trading of AMREP

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of AMREP in the 1st quarter valued at $46,000. Lazard Asset Management LLC bought a new stake in shares of AMREP in the 4th quarter valued at $137,000. Jane Street Group LLC bought a new stake in shares of AMREP in the 4th quarter valued at $230,000. Ritholtz Wealth Management increased its position in shares of AMREP by 42.1% in the 2nd quarter. Ritholtz Wealth Management now owns 17,375 shares of the business services provider's stock valued at $364,000 after buying an additional 5,144 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of AMREP by 94.7% in the 4th quarter. Millennium Management LLC now owns 19,261 shares of the business services provider's stock valued at $605,000 after buying an additional 9,366 shares in the last quarter. Institutional investors 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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