AMREP (NYSE:AXR) Issues Earnings Results

AMREP (NYSE:AXR) issued its quarterly earnings data on Friday. The business services provider reported $0.75 earnings per share (EPS) for the quarter, Zacks reports. AMREP had a return on equity of 8.05% and a net margin of 15.64%.

AMREP Stock Performance

NYSE AXR opened at $36.42 on Friday. The business’s 50 day moving average price is $32.73 and its 200-day moving average price is $26.05. AMREP has a fifty-two week low of $15.88 and a fifty-two week high of $39.67. The company has a market cap of $192.66 million, a P/E ratio of 20.69 and a beta of 0.92.

Insider Buying and Selling

In other news, major shareholder James H. Dahl acquired 2,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $29.70 per share, with a total value of $59,400.00. Following the completion of the purchase, the insider now directly owns 432,774 shares in the company, valued at approximately $12,853,387.80. This trade represents a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 6,800 shares of company stock worth $205,560 over the last three months. 37.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of AMREP from a “buy” rating to a “hold” rating in a research note on Thursday.

AMREP Company Profile

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.