TheStreet lowered shares of AMREP (NYSE:AXR) from a c- rating to a d rating in a report released on Wednesday morning, TheStreetRatingsTable reports.

Shares of AMREP stock opened at $4.46 on Wednesday. The firm has a fifty day moving average of $4.59 and a two-hundred day moving average of $4.94. The stock has a market capitalization of $36.30 million, a price-to-earnings ratio of -6.11 and a beta of 0.82. AMREP has a 52 week low of $3.98 and a 52 week high of $6.43.

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in shares of AMREP by 19,456,200.0% during the 1st quarter. Wells Fargo & Company MN now owns 194,563 shares of the business services provider’s stock valued at $934,000 after acquiring an additional 194,562 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of AMREP by 11.9% during the 4th quarter. Renaissance Technologies LLC now owns 147,980 shares of the business services provider’s stock valued at $885,000 after acquiring an additional 15,700 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new stake in shares of AMREP during the 2nd quarter valued at $61,000. Institutional investors own 21.30% of the company’s stock.

About AMREP

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company's Real Estate Operations segment is involved in the sale of developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others, as well as investment in commercial and investment properties.

Featured Article: Preferred Stock

Receive News & Ratings for AMREP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMREP and related companies with MarketBeat.com's FREE daily email newsletter.