AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. It operates through two segments, Land Development and Homebuilding. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. As of July 1, 2021, it owned approximately 18,000 acres in Rio Rancho, New Mexico. The company owns tracts of land in Colorado, including 1 property of approximately 160 acres planned for approximately 410 homes. It also owns subsurface oil, gas, and mineral interests covering an area of approximately 55,000 surface acres of land located in Rio Rancho. Additionally, the company focuses on developing single-family detached homes and attached townhomes. AMREP Corporation was incorporated in 1961 and is headquartered in Havertown, Pennsylvania.
AMREP Stock Performance
Shares of AMREP stock remained flat at $16.00 during trading hours on Friday. 5,300 shares of the stock were exchanged, compared to its average volume of 12,002. AMREP has a one year low of $9.88 and a one year high of $18.80. The firm has a market cap of $84.08 million, a PE ratio of 7.27 and a beta of 0.92. The business's fifty day moving average is $12.64 and its 200 day moving average is $12.45.
AMREP (NYSE:AXR - Get Rating) last issued its earnings results on Thursday, July 21st. The business services provider reported $1.41 earnings per share for the quarter. The firm had revenue of $25.92 million for the quarter. AMREP had a net margin of 25.39% and a return on equity of 17.47%.
Analyst Ratings Changes
Separately, TheStreet cut AMREP from a "b" rating to a "c+" rating in a report on Friday, July 15th.