StockNews.com upgraded shares of AMREP (NYSE:AXR – Free Report) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
AMREP Price Performance
Shares of AMREP stock opened at $24.24 on Wednesday. AMREP has a one year low of $15.38 and a one year high of $26.77. The firm has a market cap of $128.23 million, a price-to-earnings ratio of 44.89 and a beta of 0.91. The stock’s 50-day moving average is $20.54 and its 200-day moving average is $21.15.
Insider Buying and Selling
In other AMREP news, major shareholder James H. Dahl bought 3,200 shares of the business’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $20.97 per share, for a total transaction of $67,104.00. Following the completion of the purchase, the insider now directly owns 384,028 shares of the company’s stock, valued at $8,053,067.16. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder James H. Dahl bought 3,200 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $20.97 per share, with a total value of $67,104.00. Following the transaction, the insider now directly owns 384,028 shares in the company, valued at $8,053,067.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James H. Dahl bought 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $25.60 per share, with a total value of $256,000.00. Following the completion of the transaction, the insider now owns 415,642 shares in the company, valued at $10,640,435.20. The disclosure for this purchase can be found here. Insiders have purchased 28,035 shares of company stock valued at $611,325 over the last 90 days. 37.00% of the stock is owned by corporate insiders.
Institutional Trading of AMREP
About AMREP
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.
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