AMREP (NYSE:AXR) Releases Earnings Results, Beats Estimates By $0.01 EPS

AMREP (NYSE:AXR) released its earnings results on Thursday. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01, FiscalAI reports. AMREP had a return on equity of 9.68% and a net margin of 24.40%.The firm had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million.

AMREP Price Performance

Shares of NYSE AXR opened at $24.36 on Friday. AMREP has a 1 year low of $17.60 and a 1 year high of $28.71. The firm has a 50-day simple moving average of $22.81 and a two-hundred day simple moving average of $22.34. The company has a market cap of $129.35 million, a P/E ratio of 10.15 and a beta of 1.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Activity at AMREP

In other AMREP news, major shareholder James H. Dahl purchased 6,124 shares of AMREP stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average cost of $21.60 per share, for a total transaction of $132,278.40. Following the completion of the acquisition, the insider owned 440,698 shares in the company, valued at $9,519,076.80. This represents a 1.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 23,682 shares of company stock worth $568,565 over the last quarter. Corporate insiders own 37.20% of the company’s stock.

Hedge Funds Weigh In On AMREP

A number of large investors have recently bought and sold shares of the business. Crossingbridge Advisors LLC lifted its position in shares of 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 purchasing an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AMREP by 0.3% during 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 purchasing an additional 527 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of AMREP in the fourth quarter worth about $1,222,000. Robotti Robert increased its stake in AMREP by 0.8% in the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after buying an additional 4,327 shares during the period. Finally, Cerity Partners LLC increased its stake in AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after buying an additional 665 shares during the period. Hedge funds and other institutional investors own 59.85% of the company’s stock.

AMREP Company Profile

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.