AMREP (NYSE:AXR – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

AMREP Stock Down 0.2 %

Shares of AXR traded down $0.05 during mid-day trading on Tuesday, hitting $20.25. 18,882 shares of the company’s stock were exchanged, compared to its average volume of 7,959. The firm has a fifty day moving average of $17.01 and a two-hundred day moving average of $17.08. AMREP has a twelve month low of $10.55 and a twelve month high of $20.76. The stock has a market cap of $106.74 million, a price-to-earnings ratio of 4.93 and a beta of 0.94.

AMREP (NYSE:AXR – Get Free Report) last announced its quarterly earnings results on Wednesday, September 13th. The business services provider reported $0.25 EPS for the quarter. AMREP had a net margin of 45.30% and a return on equity of 20.83%. The company had revenue of $10.29 million for the quarter.

Insider Activity at AMREP

In other news, major shareholder James H. Dahl bought 1,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $18.31 per share, for a total transaction of $27,465.00. Following the purchase, the insider now owns 246,851 shares of the company’s stock, valued at approximately $4,519,841.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder James H. Dahl purchased 1,500 shares of AMREP stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of $18.31 per share, with a total value of $27,465.00. Following the acquisition, the insider now directly owns 246,851 shares in the company, valued at $4,519,841.81. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder James H. Dahl purchased 2,226 shares of AMREP stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $15.99 per share, with a total value of $35,593.74. Following the completion of the acquisition, the insider now owns 237,577 shares in the company, valued at $3,798,856.23. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,691 shares of company stock worth $424,213. 37.00% of the stock is owned by insiders.

Institutional Trading of AMREP

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in AMREP by 30.2% in the 2nd quarter. Royal Bank of Canada now owns 11,718 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 2,718 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AMREP by 33.6% during the 2nd quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider’s stock worth $482,000 after acquiring an additional 6,757 shares during the period. Northern Trust Corp bought a new position in shares of AMREP during the 2nd quarter worth about $198,000. Dimensional Fund Advisors LP lifted its holdings in shares of AMREP by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider’s stock worth $2,912,000 after acquiring an additional 1,394 shares during the period. Finally, EA Series Trust bought a new position in shares of AMREP during the 2nd quarter worth about $527,000. 33.84% of the stock is owned by institutional investors.

About AMREP (Get Free Report)

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.

Further Reading

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Original: MarketBeat News Feed: AMREP (NYSE:AXR) Rating Lowered to Hold at StockNews.com