Timothy Mcnaney Purchases 1,765 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) Director Timothy Mcnaney acquired 1,765 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were acquired at an average price of $28.17 per share, for a total transaction of $49,720.05. Following the acquisition, the director directly owned 1,765 shares of the company’s stock, valued at approximately $49,720.05. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AMREP Stock Up 0.4%

AXR stock opened at $28.10 on Friday. AMREP Corporation has a 52-week low of $17.61 and a 52-week high of $29.00. The stock’s fifty day simple moving average is $26.60 and its 200-day simple moving average is $23.16. The stock has a market capitalization of $149.21 million, a price-to-earnings ratio of 11.71 and a beta of 1.23.

AMREP (NYSE:AXR) last posted its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. AMREP had a return on equity of 9.58% and a net margin of 24.40%.The business had revenue of $14.57 million for the quarter, compared to analysts’ expectations of $14.03 million.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of AMREP by 65.0% in the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after buying an additional 650 shares during the period. Acadian Asset Management LLC purchased a new position in shares of AMREP in the 1st quarter worth $46,000. Barclays PLC raised its position in shares of AMREP by 781.7% in the 4th 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. Jane Street Group LLC raised its position in shares of AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after buying an additional 3,077 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of AMREP in the 3rd quarter worth $453,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of AMREP to a “hold” rating in a research report on Saturday, April 18th. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AMREP in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, AMREP currently has an average rating of “Hold”.

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.