AMREP (NYSE:AXR) Posts Earnings Results, Misses Expectations By $0.20 EPS

AMREP (NYSE:AXR) announced its quarterly earnings results on Friday. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.20), FiscalAI reports. The company had revenue of $11.02 million for the quarter, compared to the consensus estimate of $12.36 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

AMREP Stock Performance

Shares of NYSE:AXR traded down $0.28 during midday trading on Friday, hitting $25.12. 2,271 shares of the stock were exchanged, compared to its average volume of 8,834. The business’s 50-day moving average price is $25.68 and its 200 day moving average price is $25.15. AMREP has a 12 month low of $17.61 and a 12 month high of $29.01. The stock has a market capitalization of $133.29 million, a price-to-earnings ratio of 10.47 and a beta of 1.12.

Insider Buying and Selling

In other AMREP news, major shareholder James H. Dahl bought 3,075 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $25.58 per share, for a total transaction of $78,658.50. Following the transaction, the insider directly owned 501,708 shares in the company, valued at approximately $12,833,690.64. This represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 21,231 shares of company stock worth $556,625. 37.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On AMREP

A number of institutional investors have recently modified their holdings of the company. Barclays PLC increased its position in shares of AMREP by 781.7% during the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock worth $53,000 after buying an additional 2,478 shares during the period. Crossingbridge Advisors LLC raised its stake in AMREP by 30.0% during the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in AMREP by 0.3% in 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 buying an additional 527 shares during the period. AlphaCentric Advisors LLC acquired a new position in AMREP in the fourth quarter valued at $1,222,000. Finally, Robotti Robert boosted its position 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 acquiring an additional 4,327 shares during the last quarter. 59.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AXR shares. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About AMREP

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.